US: Stocks surge in opening trade
Published Wed, Aug 26, 2015 · 01:49 PM
[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.
AFP
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
China to facilitate Hong Kong IPOs and expand Stock Connect
Global equity funds see surge in outflows as rate cut hopes fade
Israel hits back, markets react; STI down 0.4%
Oil jumps, equities fall as Iran blasts fan Middle East fears
Tokyo: Nikkei index tumbles 3% in morning trade
Singapore shares open higher on Friday; STI up 0.2%