You are here

US: Wall Street opens higher on recovery optimism

doc7ar9eklc07n6y41q4rs_doc79nuthrj6i83xudbp9q.jpg
US stock indexes gained at the open on Wednesday as a pickup in business activity fueled hopes of a post-pandemic economic recovery, while investors remained cautious about brewing US-China tensions.

[NEW YORK] US stock indexes gained at the open on Wednesday as a pickup in business activity fueled hopes of a post-pandemic economic recovery, while investors remained cautious about brewing US-China tensions.

The Dow Jones Industrial Average rose 303.52 points, or 1.21 per cent, at the open to 25,298.63. The S&P 500 opened higher by 23.88 points, or 0.80 per cent, at 3,015.65, and the Nasdaq Composite gained 5.90 points, or 0.06 per cent, to 9,346.12 at the opening bell.

REUTERS

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes