5/28, 7:58 PM (Source: TeleTrader)
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Nasdaq jumps after lower open

The Nasdaq jumped over 100 points on Thursday after opening in the red as investor optimism increased as economies started reopening worldwide.

The index was mostly led higher by pharmaceuticals.

The Nasdaq 100 gained 1.12% at 1:53 pm ET as discount store firm Dollar Tree jumped 10.86% at the same time after posting better-than-expected earnings. Jumping over 6% were also Alexion Pharmaceuticals and Regeneron Pharmaceuticals.

The Dow Jones Industrial Average was up 0.78% at 1:56 pm ET and the S&P 500 rose 1.06% at the same time.

Breaking the News / VP