Wall Street gains on jobs data, China stimulus plan

US stocks edged higher on Friday as a new Chinese stimulus plan helped ease some concerns around global growth, while investors digested underwhelming jobs data that rounded off a week of mixed economic signals.

Global markets inched higher after China's central bank said it would slash the amount of cash that banks must hold as reserves, releasing a total of 900 billion yuan ($126.35 billion) in liquidity.

At 2300 IST, the Dow Jones Industrial Average was up 126.08 points, or 0.47 per cent , at 26,853.69, the S&P 500 was up 0.27 per cent , at 2,983.67 and the Nasdaq Composite was up 0.14 per cent at 8,128.51.