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US: Stocks surge in opening trade

US stocks opened slightly higher Thursday as markets remained volatile on concerns about global growth and the prospect of a Federal Reserve interest rate hike.

[NEW YORK] Wall Street stocks jumped in opening trade Wednesday as investors tried to snap a six-day losing streak following solid US economic data and a big oil-services acquisition by Schlumberger.

About nine minutes into trade, the Dow Jones Industrial Average and S&P 500 were both up 2.25 percent and the tech-rich Nasdaq Composite Index rose 2.35 percent.