US stock indices jumped at the open on Wednesday after President Donald Trump said he has no plans to remove Federal Reserve Chair Jerome Powell and on hopes for a trade deal with China.
At the opening bell, the Dow Jones Industrial Average rose 628.0 points, or 1.60%, to 39,815.01. The S&P 500 rose 108.2 points, or 2.05%, to 5,395.92, while the Nasdaq Composite rose 579.9 points, or 3.56%, to 16,880.29.
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