Wall St jumps at the open on coronavirus vaccine hopes

  • >> Reuters
    Published: 2020-05-18 20:02:25 BdST

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Floor traders work space is seen on the trading floor after the closing bell, following traders testing positive for Coronavirus disease (COVID-19), at the New York Stock Exchange (NYSE) in New York, US, Mar 19, 2020. REUTERS/FILE

US stock indexes shot up in early trade on Monday as encouraging data from a potential COVID-19 vaccine trial fuelled optimism, while investors also counted on more stimulus to rescue the economy from a virus-driven slump.

The Dow Jones Industrial Average rose 374.56 points, or 1.58%, at the open to 24,059.98.

The S&P 500 opened higher by 68.68 points, or 2.40%, at 2,932.38 after the open. The Nasdaq Composite gained 162.59 points, or 1.80%, to 9,177.15.