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

Kitco News

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

The Dow Jones Industrial Average .DJI rose 267.83 points, or 1.26%, at the open to 21,468.38. The S&P 500 .SPX opened higher by 25.73 points, or 1.04%, at 2,501.29, while the Nasdaq Composite .IXIC gained 77.91 points, or 1.06%, to 7,462.21 at the opening bell.

Reporting by Medha Singh in Bengaluru; Editing by Arun Koyyur

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