Coronavirus Lockdown: US stocks open higher, Dow Jones and Nasdaq both up 1.1%

Wall Street stocks opened higher May 5, 2020 as moves by US states and leading companies to resume economic activity offset gloomy near-term conditions in the wake of coronavirus shutdowns. About 20 minutes into trading, the Dow Jones Industrial Average stood at 24,093.91, up 1.5 percent.The broad-based S&P 500 also gained 1.5 percent to 2,883.87, while the tech-rich Nasdaq Composite Index advanced 1.6 percent to 8,845.65. (Photo by AFP)

Wall Street stocks opened higher Tuesday as moves by US states and leading companies to resume economic activity offset gloomy near-term conditions in the wake of coronavirus shutdowns.

About five minutes into trading, the Dow Jones Industrial Average stood at 24,034.78, up 1.2 percent.

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The broad-based S&P 500 also gained 1.2 percent to 2,877.99, while the tech-rich Nasdaq Composite Index advanced 1.4 percent to 8,831.00.