BUSINESS US stocks open higher, extending run of volatility

BUSINESS

US stocks open higher, extending run of volatility

AFP

21:48, May 20, 2020

Wall Street stocks opened solidly higher Wednesday, extending a volatile week on hopes for a US economic rebound as retailers reported mixed results.

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File photo: VCG

About five minutes into trading, the Dow Jones Industrial Average stood at 24,497.75, up 1.2 percent.

The broad-based S&P 500 gained 1.3 percent to 2,959.86, while the tech-rich Nasdaq Composite Index jumped 1.5 percent to 9,320.46.

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