Dow jumps 4.9% as US stocks bounce back after rout

New York

WALL Street stocks surged in opening trading on Friday, winning back some of the ground lost in Thursday's rout as Washington policymakers reported progress on stimulus to address to economic hit from the coronavirus.

A couple of minutes into trading, the Dow Jones Industrial Average was up 4.9 per cent to 22,247.57, a gain of more than 1,000 points.