☰

M. Continuo

Bargain hunters lift Wall St. at open


    NEW YORK (Reuters) - Stocks opened higher on Thursday as investors bet Wall Street might hold off from hitting fresh bear-market lows as a search for beaten-down shares provided support.

    The likely bounce from three-month lows faces a drag from fresh government data showing the number of U.S. workers continuing to claim jobless benefits jumped to a record in the first week of February.

    The Dow Jones industrial average was up 43.97 points, or 0.58 percent, to 7,599.60. The Standard & Poor's 500 Index was up 5.74 points, or 0.73 percent, to 794.16. The Nasdaq Composite Index was up 12.47 points, or 0.85 percent, to 1,480.44.

    (Editing by James Dalgleish)