<p>NEW YORK (Reuters) – U.S. stocks opened higher on Thursday with retail stocks in focus after Best Buy (BBY.N) posted higher-than-expected profit, though light trading volume suggested that optimism was limited.</p>
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With the quarter-end approaching, portfolio managers will be buyers as they execute window dressing, while hedge funds cover shorts that are under pressure.</p>
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The Dow Jones industrial average (.DJI) was up 58.43 points, or 0.48 percent, at 12,144.45. The Standard &amp; Poor's 500 Index (.SPX) rose 5.78 points, or 0.45 percent, at 1,303.32. The Nasdaq Composite Index (.IXIC) added 16.14 points, or 0.60 percent, at 2,714.44.</p>
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(Reporting by Ryan Vlastelica)</p>
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