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US stocks open higher after huge post-vote plunge

Published on Nov 8, 2012 10:42 PM

NEW YORK (AFP) - US stocks edged higher in opening trade on Thursday, a day after greeting President Barack Obama's re-election with a massive plunge.

In the first five minutes of trade, the Dow Jones Industrial Average added a bare 8.29 points (0.06 per cent) to 12,941.02.

The broad-based S&P 500 gained 2.00 (0.14 per cent) to 1,396.53, while the tech-rich Nasdaq Composite gained 7.98 (0.27 per cent) to 2,945.27.

The Dow marked its biggest one-day loss in a year on Wednesday after Obama defeated Republican challenger Mitt Romney at the polls, losing 313 points, 2.36 per cent; the S&P lost nearly 34 points and the Nasdaq nearly 75 points.