June 19, 2020 / 1:38 PM / 19 days ago

US STOCKS SNAPSHOT-Wall St jumps at open on hopes of economic rebound

June 19 (Reuters) - Wall Street’s main indexes opened sharply higher on Friday with the Nasdaq inching closer to a new record as investors bet on a quick bounce back in post-pandemic economic activity, shrugging off rising new COVID-19 cases in several U.S. states.

The Nasdaq Composite gained 99.08 points, or 1.00%, to 10,042.13 at the opening bell.

The Dow Jones Industrial Average rose 133.00 points, or 0.51%, at the open to 26,213.10. The S&P 500 opened higher by 24.95 points, or 0.80%, at 3,140.29. (Reporting by Devik Jain in Bengaluru; Editing by Shounak Dasgupta)

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