China trade comments boost Wall Street at open

US stocks opened sharply higher on August 29, as China sounded hopeful of a resolution to the long-standing trade dispute with the United States, allaying investor worries of the risk of a recession.

The Dow Jones Industrial Average rose 212.99 points, or 0.82%, at the open to 26,249.09.

The S&P 500 opened higher by 22.43 points, or 0.78%, at 2,910.37. The Nasdaq Composite gained 88.90 points, or 1.13%, to 7,945.78 at the opening bell.

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