Wall Street jumps at open, shaking off Trump's stimulus shock

FILE PHOTO: Flags hang on the outside of the New York Stock Exchange as the building opens for the first time since March while the outbreak of the coronavirus disease (COVID-19) continues in the Manhattan borough of New York, U.S., May 26, 2020. REUTERS/Lucas Jackson

(Reuters) – Wall Street’s main indexes jumped 1% shortly after the open on Wednesday, recouping losses from the previous session triggered by President Donald Trump’s abrupt call to end stimulus talk, while Levi Strauss hit a four-month high after posting a surprise quarterly profit.

The Dow Jones Industrial Average .DJI rose 198.60 points, or 0.72%, at the open to 27,971.36.

The S&P 500 .SPX opened higher by 23.61 points, or 0.70%, at 3,384.56, while the Nasdaq Composite .IXIC gained 117.07 points, or 1.05%, to 11,271.68 at the opening bell.

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