Wall Street opens higher after oil-led selloff


FILE PHOTO: The New York Stock Exchange (NYSE) is seen in the financial district of lower Manhattan during the outbreak of the coronavirus disease (COVID-19) in New York City, New York, U.S., April 13, 2020. REUTERS/Andrew Kelly

(Reuters) – U.S. stock markets opened higher after a two-day selloff on Wednesday as upbeat quarterly earnings reports lifted sentiment following a record crash in oil prices, although companies warned of more pain in the coming months.

The Dow Jones Industrial Average .DJI rose 418.46 points, or 1.82%, at the open to 23,437.34.

The S&P 500 .SPX opened higher by 51.33 points, or 1.88%, at 2,787.89. The Nasdaq Composite .IXIC gained 171.32 points, or 2.07%, to 8,434.55 at the opening bell.

Reporting by Shreyashi Sanyal in Bengaluru; Editing by Arun Koyyur


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