US STOCKS SNAPSHOT-Wall St opens higher on Meta surge, Fed relief

Kitco Media
By Reuters
Published:
Updated:
Reuters
Feb 2 (Reuters) - U.S. stocks jumped on Thursday, with the Nasdaq adding 2% as Meta Platforms surged on rigorous cost controls, while a dovish message from Federal Reserve Chair Jerome Powell boosted bets of a softer landing for the U.S. economy.


The Nasdaq Composite gained 248.83 points, or 2.11%, to 12,065.15 at the opening bell. The Dow Jones Industrial Average rose 36.34 points, or 0.11%, at the open to 34,129.30, while the S&P 500 opened higher by 39.47 points, or 0.96%, at 4,158.68.
(Reporting by Johann M Cherian in Bengaluru Editing by Vinay Dwivedi)

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