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Wall Street opens higher as oil surges

Also, the US Federal Reserve gave little indication of slowing the pace of future rate hikes

Traders work on the floor of the New York Stock Exchange

Traders work on the floor of the New York Stock Exchange

Reuters

US stocks opened higher on Thursday as oil rebounded sharply, a day after the U.S. Federal Reserve gave little indication of slowing the pace of future rate hikes.

The Dow Jones industrial average was up 102.24 points, or 0.64 percent, to 16,046.7; the S&P 500 rose 13.84 points, or 0.74 percent, to 1,896.79; and the Nasdaq Composite index gained 60.35 points, or 1.35 percent, to 4,528.52.

 

 

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First Published: Jan 28 2016 | 8:07 PM IST

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