Wall St. inches higher at open on recovery optimism

Posted on June 2, 2020

The spread of the coronavirus disease (COVID-19) in New York

FILE PHOTO: Traders wear masks as they work on the floor of the New York Stock Exchange as the outbreak of the coronavirus disease (COVID-19) continues in the Manhattan borough of New York, U.S., May 27, 2020. (REUTERS/Lucas Jackson)

BY DEVIK JAIN

U.S. stocks opened higher on Tuesday as optimism around reopening businesses overshadowed fears of more disruptions from protests in the country over the death of a black man while in police custody.

The Dow Jones Industrial Average <.DJI> rose 107.50 points, or 0.42%, at the open to 25,582.52. The S&P 500 <.SPX> opened higher by 9.05 points, or 0.30%, at 3,064.78, and the Nasdaq Composite <.IXIC> gained 14.48 points, or 0.15%, to 9,566.53 at the opening bell.