FILE PHOTO: The New York Stock Exchange (NYSE) is seen in the financial district of lower Manhattan during the outbreak of the coronavirus disease (COVID-19) in New York City, New York, U.S., April 13, 2020. REUTERS/Andrew Kelly
(Reuters) – U.S. stocks jumped on Friday following President Donald Trump’s new guidelines to reopen the economy and on a report of a drug to potentially treat COVID-19, while Boeing headed higher on plans to resume production.
The Dow Jones Industrial Average .DJI rose 279.47 points, or 1.19%, at the open to 23,817.15.
The S&P 500 .SPX opened higher by 42.88 points, or 1.53%, at 2,842.43, while the Nasdaq Composite .IXIC gained 135.12 points, or 1.58%, to 8,667.48 at the opening bell.
Reporting by Akanksha Rana in Bengaluru; Editing by Shounak Dasgupta
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