Off the wire
• East coastal city benefits from China-ROK FTA  • Urgent: Former UN chief Boutros Boutros-Ghali dies at 93  • Urgent: Ukrainian President Petro Poroshenko demands PM Arseniy Yatsenyuk quit  • Roundup: Finnish gov't calls for austerity while stock owners revel in near-record earnings  • China Exclusive: S. China trade hub steps up inbound Zika checks  • Spain confirms 23 Zika virus cases  • China, Russia simplify direct road transport formalities  • Malta outbound tourists in 2015 reaches 428,033, up 9.6 pct  • Over 30 arrested in southern Spain in animal cruelty case  • German train collision caused by "human error": prosecutors  
You are here: 　 Home

U.S. stocks open higher after Presidents' Day

Xinhua, February 16, 2016 Adjust font size:

U.S. stocks opened sharply higher Tuesday after markets were closed Monday for Presidents' Day.

Shortly after the opening bell, the Dow Jones Industrial Average rose 147.06 points, or 0.92 percent, to 16,120.90. The S&P 500 gained 17.90 points, or 0.96 percent, at 1,882.68. The Nasdaq Composite Index jumped 60.90 points, or 1.40 percent, to 4,398.41.

Investor sentiment was buoyed by earlier global equity market rallies. Chinese shares surged on Tuesday to regain the 2,800-point mark on official reassurance about the steadiness of the yuan. The benchmark Shanghai Composite Index leapt 3.29 percent to close at 2,836.57.

Tokyo stocks reversed early losses to close higher Tuesday, after spiking over 7 percent on Monday, as investors were encouraged by a weaker yen and a recovery in oil prices.

European shares also ended sharply higher Monday, with French benchmark index CAC 40 gaining 3.01 percent. European Central Bank President Mario Draghi hinted at further monetary policy easing.

In the United States, the February 2016 Empire State Manufacturing Survey indicates business activity continued to decline for New York manufacturers. The headline general business conditions index edged higher, but remained firmly in negative territory.

On Friday, U.S. stocks posted solid gains as Wall Street cheered over spiking oil prices. Endi