Wall Street opens sharply higher on trade optimism

FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 10, 2018. REUTERS/Brendan McDermid/File Photo

(Reuters) – U.S. stocks jumped at the open on Tuesday in broad-based gains led by industrial and technology stocks amid signs of progress in trade talks between the United States and China.

The Dow Jones Industrial Average rose 296.65 points, or 1.21 percent, at the open to 24,719.91.

The S&P 500 opened higher by 26.72 points, or 1.01 percent, at 2,664.44. The Nasdaq Composite gained 101.13 points, or 1.44 percent, to 7,121.66 at the opening bell.

Reporting by Medha Singh in Bengaluru; Editing by Bernard Orr

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