July 6, 2020 / 1:38 PM / a month ago

US STOCKS SNAPSHOT-Wall St gains on hopes of China-led recovery

July 6 (Reuters) - U.S. stocks rose at the open on Monday on hopes of a China-led recovery from an economic slump brought on by the coronavirus outbreak, with investors brushing aside a domestic surge in new cases of COVID-19 over the long weekend.

The Dow Jones Industrial Average rose 168.72 points, or 0.65%, at the open to 25,996.08, while the S&P 500 opened higher by 25.28 points, or 0.81%, at 3,155.29.

The Nasdaq Composite gained 152.75 points, or 1.50%, to 10,360.38 at the opening bell, notching up another record high. (Reporting by C Nivedita; Editing by Maju Samuel)

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