Wall Street bounces on Boeing bump, Trump’s restart plan

Posted on April 17, 2020

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

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)

BY AKANKSHA RANA

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.