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FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., November 27, 2019. REUTERS/Brendan McDermid/File Photo
(Reuters) – U.S. stocks opened higher on Wednesday after a report that the United States and China were moving closer to signing a ‘phase-one’ trade deal.
The Dow Jones Industrial Average .DJI rose 131.82 points, or 0.48%, at the open to 27,634.63. The S&P 500 .SPX opened higher by 10.30 points, or 0.33%, at 3,103.50. The Nasdaq Composite .IXIC gained 36.80 points, or 0.43%, to 8,557.45 at the opening bell.
Reporting by Arjun Panchadar in Bengaluru; Editing by Arun Koyyur
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