Wall Street jumps more than 1 pct at open

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Traders work on the floor of the New York Stock Exchange, October 3, 2013. REUTERS/Brendan McDermid

NEW YORK (Reuters) - U.S. stocks rose more than 1 percent at the open on Thursday as investors were encouraged by signs of progress in fiscal negotiations in Washington.

The Dow Jones industrial average rose 152.01 points or 1.03 percent, to 14,954.99, the S&P 500 gained 18.36 points, or 1.11 percent, to 1,674.76 and the Nasdaq Composite added 50.834 points, or 1.38 percent, to 3,728.61.