New Delhi, Jan. 31 -- Wall Street stocks surged on Friday, led by gains in Apple following its upbeat results and on an in-line Federal Reserve-preferred inflation.

The Personal Consumption Expenditures (PCE) price index rose 2.6 per cent in December, up from 2.4 per cent in November but in line with analyst expectations.

At 09:40 a.m. ET, the Dow Jones Industrial Average rose 115.92 points, or 0.26 per cent, to 44,998.05, the S&P 500 gained 25.98 points, or 0.43 per cent, to 6,097.15, and the Nasdaq Composite gained 160.80 points, or 0.82 per cent, to 19,842.55.

At the opening bell, the Dow Jones Industrial Average rose 172.2 points, or 0.38 per cent, to 45054.36. The S&P 500 rose 25.6 points, or 0.42 per cent, to 6096.79​, whil...