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Wall Street jumps at open as jobless claims raise hopes of more stimulus

The Dow Jones Industrial Average rose 267.83 points, or 1.26 percent, at the open to 21,468.38.

March 26, 2020 / 07:56 PM IST

Wall Street jumped at the open on Thursday, building on a two-day rally, as investors bet on more stimulus measures after the US jobless claims surged past 3 million last week, underscoring the economic impact of the coronavirus pandemic.

The Dow Jones Industrial Average rose 267.83 points, or 1.26 percent, at the open to 21,468.38.

The S&P 500 opened higher by 25.73 points, or 1.04 percent, at 2,501.29, while the Nasdaq Composite gained 77.91 points, or 1.06 percent, to 7,462.21 at the opening bell.
Reuters
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