US: Wall Street jumps 1% at open as China stimulus calms investor nerves

[NEW YORK] Wall Street's main indexes rose about 1 per cent at the open on Tuesday, marking a second day of recovery from a coronavirus-driven sellfoff last week, with fresh intervention by China's central bank calming investor nerves.

The Dow Jones Industrial Average rose 296.93 points, or 1.05 per cent, at the open to 28,696.74.

The S&P 500 opened higher by 31.69 points, or 0.98 per cent, at 3,280.61. The Nasdaq Composite gained 124.99 points, or 1.35 per cent, to 9,398.39 at the opening bell.

REUTERS