Wall Street Jumps on Hopes of $2 Trillion Stimulus

Wall Street jumped at the open on Tuesday as signs that Washington was nearing a deal on a $2 trillion economic rescue package gave a shot of optimism to markets reeling under the biggest selloff since the global financial crisis.

The Dow Jones Industrial Average <.DJI> rose 1,130.26 points, or 6.08%, at the open to 19,722.19. The S&P 500 <.SPX> opened higher by 107.04 points, or 4.78%, at 2,344.44. The Nasdaq Composite <.IXIC> gained 335.47 points, or 4.89%, to 7,196.15 at the opening bell.

(Reporting by Sagarika Jaisinghani in Bengaluru; Editing by Arun Koyyur)

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