Stocks open higher after steep sell-off
NEW YORK — Wall Street is experiencing some relief, through shares opening sharply higher, following a report that a pounded-down Citigroup Inc. might put itself up for sale.
That prospect and moves by means of bargain-hunters after two days of imbrue selling is helping stocks show a rebound in the first and foremost minutes after the opening bell Friday.
The emporium’sitting optimism about Citi and the financial sector overall follows a Wall Street Journal report that Citigroup is considering the possibility of selling intellect of itself or even the entire party.
The Dow Jones industrial average is up 150, or 2 percent, at the 7,700 level after a two-day slide of more than 10 percent. The other major indexes are showing similar percentage gains.
