Wall Street climbs on hopes of easing restrictions

Posted on May 6, 2020

The spread 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, U.S., April 26, 2020. (REUTERS/Jeenah Moon)

BY MEDHA SINGH

U.S. stocks opened higher on Wednesday on hopes of a pickup in business activity with states easing coronavirus-induced curbs, while investors looked past a stunning 20 million plunge in U.S. private payrolls last month.

The Dow Jones Industrial Average <.DJI> rose 95.79 points, or 0.40%, at the open to 23,978.88.

The S&P 500 <.SPX> opened higher by 14.70 points, or 0.51%, at 2,883.14. The Nasdaq Composite <.IXIC> gained 65.58 points, or 0.74%, to 8,874.70 at the opening bell.