Economic news

Wall Street Opens Higher After Oil-Led Selloff

U.S. stock markets opened higher after a two-day selloff on Wednesday as upbeat quarterly earnings reports lifted sentiment following a record crash in oil prices, although companies warned of more pain in the coming months.

The Dow Jones Industrial Average rose 418.46 points, or 1.82%, at the open to 23,437.34.

The S&P 500 opened higher by 51.33 points, or 1.88%, at 2,787.89. The Nasdaq Composite gained 171.32 points, or 2.07%, to 8,434.55 at the opening bell. (Reporting by Shreyashi Sanyal in Bengaluru; Editing by Arun Koyyur)

Source: Reuters

 

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