US markets open solidly higher a day after big plunge

US markets open solidly higher a day after big plunge

By The Associated Press | Posted - Sep. 2, 2015 at 7:50 a.m.


8 photos

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

NEW YORK (AP) — U.S. stocks are opening broadly higher as the market bounces back from a plunge the day before.

The Dow Jones industrial average gained 200 points, or 1.3 percent, to 16,255 in the first few minutes of trading Thursday.

The Standard & Poor's 500 index increased 20 points, or 1.1 percent, to 1,933. The Nasdaq composite climbed 50 points, or 1.1 percent, to 4,686.

The Dow sank almost 470 points the day before as traders worried about more signs of weakness in China's economy.

European markets also rose broadly.

The price of oil gained 66 cents to $46.11 a barrel.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.18 percent.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Photos

The Associated Press

    SIGN UP FOR THE KSL.COM NEWSLETTER

    Catch up on the top news and features from KSL.com, sent weekly.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast