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US stocks jump 1% at opening, thanks to China’s actions

UNITED STATES (OBSERVATORY NEWS) — Major US stock indices rose about 1 percent at the open on Tuesday, continuing to recover for the second session of Sadat’s sell-off last week due to the coronary virus, as investor fears subsided after a new intervention from the Chinese central bank.

The Dow Jones industrial average rose 296.93 points, or 1.05 percent, to open at 28,696.74 points, and the S&P 500 index increased by 31.69 points or 0.98 percent to 3,280.61 points, and the Nasdaq Composite Index advanced 124.99 points, or 1.35 percent to 9398.39 points.

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