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US STOCKS SNAPSHOT-Wall Street jumps as China data fuels recovery hopes

Published 07/05/2020, 14:34
Updated 07/05/2020, 14:36
© Reuters.
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May 7 (Reuters) - U.S. stocks jumped at the open on
Wednesday after a surprise rise in Chinese exports and a surge
in oil prices spurred hopes of a faster economic recovery,
taking the sting off another gloomy weekly jobless claims
report.
The Dow Jones Industrial Average .DJI rose 172.57 points,
or 0.73%, at the open to 23,837.21. The S&P 500 .SPX opened
higher by 29.84 points, or 1.05%, at 2,878.26, and the Nasdaq
Composite .IXIC gained 119.39 points, or 1.35%, to 8,973.78 at
the opening bell.

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