Dow Jones average LIVE price: Dow rises more than 200 points at the open | City & Business | Finance

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Boeing and Goldman Sachs were the biggest contributors of gains to the 30-stock index.

The S&P 500 rose by 0.5 percent. The Nasdaq composite advanced by 0.6 percent.

All major averages closed higher on Wednesday, after climbing back further from the correction levels experienced last week.

Ernie Cecilia, CIO at Bryn Mawr Trust said: “We’re trying to reconcile an environment with higher rates and rising inflation.”

Last Thursday, the indexes closed 10 percent below record highs set on January 26. 

Wall street seems to be adjusting to higher rates. Stock futures traded higher despite the 10-year Treasury note yield reaching a new four-year high before the bell. 

Volatility has hit back very hard recently, following a year of calm felt in the market. 

However, unemployment rose by 7,000 to a seasonally adjusted 230,000 after the country was enjoying a near 45-year low. 

In corporate news, Cisco Systems jumped 4.5 percent after reporting better-than-expected earnings. The company also posted its first year-over-year revenue increase in more than two years.

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