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Wall Street bounces on Boeing bump, Trump's restart plan | amNewYork

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

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.

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