Wall Street opens sharply higher on trade optimism


Traders work on the ground of the New York Stock Exchange (NYSE) in New York, U.S., December 11, 2018. REUTERS/Brendan McDermid

(Reuters) – U.S. shares jumped at open on Wednesday because the Wall Street Journal report about China’s plans to extend entry for overseas corporations added to earlier optimism on trade from Trump’s upbeat feedback.

The Dow Jones Industrial Average .DJI rose 138.85 factors, or zero.57 p.c, on the open to 24,509.09. The S&P 500 .SPX opened higher by 21.45 factors, or zero.81 p.c, at 2,658.23. The Nasdaq Composite .IXIC gained 95.17 factors, or 1.35 p.c, to 7,127.00 on the opening bell.

Reporting by Medha Singh in Bengaluru; Editing by Shounak Dasgupta

Our Standards:The Thomson Reuters Trust Principles.



Source link reuters.com

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