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US: China trade comments boost Wall Street at open

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US stocks opened sharply higher on Thursday, as China sounded hopeful of a resolution to the long-standing trade dispute with the United States, allaying investor worries of the risk of a recession.

[NEW YORK] US stocks opened sharply higher on Thursday, as China sounded hopeful of a resolution to the long-standing trade dispute with the United States, allaying investor worries of the risk of a recession.

The Dow Jones Industrial Average rose 212.99 points, or 0.82 per cent, at the open to 26,249.09.

The S&P 500 opened higher by 22.43 points, or 0.78 per cent, at 2,910.37. The Nasdaq Composite gained 88.90 points, or 1.13 per cent, to 7,945.78 at the opening bell. 

REUTERS

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