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Wall St. jumps at open on Lehman optimism

1/04/2008 - 14:41

NEW YORK (Reuters) - Stocks opened higher on Tuesday as investors snapped up financial shares after Lehman Brothers Holdings Inc raised $4 billion of fresh capital to quell worries about the investment bank's stability.

The Dow Jones industrial average <.DJI> shot up 161.54 points, or 1.32 percent, to 12,424.43. The Standard & Poor's 500 Index <.SPX> jumped 17.80 points, or 1.35 percent, to 1,340.50. The Nasdaq Composite Index <.IXIC> gained 34.66 points, or 1.52 percent, to 2,313.76.

(Reporting by Ellis Mnyandu; Editing by Kenneth Barry)


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