August 29, 2019 / 1:36 PM / 21 days ago

US STOCKS SNAPSHOT-China trade comments boost Wall Street at open

Aug 29 (Reuters) - U.S. stocks opened sharply higher on Thursday, as China sounded hopeful of a resolution to the long-standing trade dispute with the United States, allaying investor worries of the risk of a recession.

The Dow Jones Industrial Average rose 212.99 points, or 0.82%, at the open to 26,249.09.

The S&P 500 opened higher by 22.43 points, or 0.78%, at 2,910.37. The Nasdaq Composite gained 88.90 points, or 1.13%, to 7,945.78 at the opening bell. (Reporting by Akanksha Rana in Bengaluru; Editing by Shounak Dasgupta)

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