FILE PHOTO: The New York Stock Exchange (NYSE) is seen in the financial district of lower Manhattan during the outbreak of the coronavirus disease (COVID-19) in New York City, U.S., April 26, 2020. REUTERS/Jeenah Moon
(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.
Reporting by C Nivedita in Bengaluru; Editing by Shounak Dasgupta
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May 07, 2020 at 08:47PM
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China trade data lifts futures ahead of jobless claims - Reuters
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