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5/27, 2:20 PM (Source: TeleTrader)
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Dow jumps over 400 pts premarket as economies reopen

Equities on Wall Street extended gains in premarket trading on Wednesday with the Dow Jones soaring over 400 index points as the country looks to gradually reopen its stores, restaurants and other public places. Also, mortgage applications in the United States increased by 2.7% in the week ending May 22 from the week prior.

The Dow surged 407 points or 1.62% at 8:19 am ET, while the Nasdaq 100 went up by 0.59%. The S&P 500 grew 1.31% at the same time.

The euro added 0.19% at 8:18 am ET, changing hands for $1.0047.

Breaking the News / TF