Wall Street jumps at open on stimulus hopes; Dow Jones, S&P rise over 2%


US stock indexes opened more than 2 per cent higher on Tuesday as hopes of coordinated policy easing to avert a global recession calmed investor nerves a day after the biggest market rout since the financial crisis.


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The Industrial Average rose 601.98 points, or 2.52 per cent, at the open to 24,453.00 and the S&P 500 opened higher by 66.92 points, or 2.44 per cent, at 2,813.48. The Nasdaq Composite gained 269.09 points, or 3.38 per cent, to 8,219.76 at the opening bell.