May 7, 2020 / 1:38 PM / 22 days ago

US STOCKS SNAPSHOT-Wall Street jumps as China data fuels recovery hopes

May 7 (Reuters) - U.S. stocks jumped at the open on Wednesday after a surprise rise in Chinese exports and a surge in oil prices spurred hopes of a faster economic recovery, taking the sting off another gloomy weekly jobless claims report.

The Dow Jones Industrial Average rose 172.57 points, or 0.73%, at the open to 23,837.21. The S&P 500 opened higher by 29.84 points, or 1.05%, at 2,878.26, and the Nasdaq Composite gained 119.39 points, or 1.35%, to 8,973.78 at the opening bell. (Reporting by C Nivedita in Bengaluru; Editing by Shounak Dasgupta)

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