US STOCKS SNAPSHOT-Wall Street bounces back on deals, earnings hope

(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.

FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 11, 2018. REUTERS/Brendan McDermid

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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