Major U.S. stock benchmarks opened higher Thursday, a day after markets were closed for New Year's Day, following news that China's central bank will loosen...
Major U.S. stock benchmarks opened higher Thursday, a day after markets were closed for New Year's Day, following news that China's central bank will loosen requirements for banks to set aside a portion of assets as reserves, a move expected to increase lending and boost growth in the world's second-largest economy. The Dow Jones Industrial Average DJIA, +0.52% rose 130 points, or 0.5% to 28,664, the S&P 500 index SPX, +0.58% advanced 15 points, or 0.
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