Wall Street bounces back on deals, earnings hope

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(Reuters) – U.S. stocks opened higher on Thursday, recovering from a selloff a day earlier as higher oil prices and merger activity helped offset fears of a Sino-U.S. trade war.

Traders work on the floor of the New York Stock Exchange
Traders work on the floor of the New York Stock Exchange.

The Dow Jones Industrial Average rose 102.45 points, or 0.41 percent, at the open to 24,802.90. The S&P 500 opened higher by 9.12 points, or 0.33 percent, at 2,783.14. The Nasdaq Composite gained 36.10 points, or 0.47 percent, to 7,752.71 at the opening bell.

Reporting by Sruthi Shankar in Bengaluru; Editing by Shounak Dasgupta

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