Wall Street opens 1% higher as China stimulus calms investor nerves

The Dow Jones Industrial Average rose 296.93 points, or 1.05%, at the open to 28,696.74

Wall Street, US stocks
Reuters
1 min read Last Updated : Feb 04 2020 | 8:16 PM IST
Wall Street's main indexes rose about 1% at the open on Tuesday, marking a second day of recovery from a coronavirus-driven sellfoff last week, with fresh intervention by China's central bank calming investor nerves.

The Dow Jones Industrial Average rose 296.93 points, or 1.05%, at the open to 28,696.74.

The S&P 500 opened higher by 31.69 points, or 0.98%, at 3,280.61. The Nasdaq Composite gained 124.99 points, or 1.35%, to 9,398.39 at the opening bell.

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Topics :Wall Street risesWall StreetChinaInvestorsS&P 500Nasdaq

Next Story