Wall Street opens higher, buoyed by tech

US stock indices opened the first session of the week higher, with Cisco Systems and PayPal leading the charge in the tech sector, following earlier data from the US, the world's largest economy. 

The US CB leading index rose 1.2% in October past expectations of a 0.6% rise, compared to a 0.2% decline in September, while markets look forward to any news regarding the tax reform bill in Congress. 

Republican Senator Collins said earlier today there should be some amendments to the tax cut bill, expressing her preferment to other suggestions in the matter. 

On Thursday, the House of Representatives passed the tax reform bill by a 227-205 margin, shifting the legislative final struggle to the Senate, amid concerns the upper house could delay the reforms supported by president Donald Trump, which would cut the corporate tax rate to 20% from 35%, until 2019.

As of 04:20 GMT, Standard and Poor's 500 rose 0.08%, or 1.98 points to 2,580.83, while Dow Jones advanced 0.30%, or 70.65 points to 23,428.89.

Tech-heavy NASDAQ edged up 0.09%, or 6.31 points to 6,789.21.