The Business Times

US: Earnings, Microsoft boost Wall St as investors await stimulus

Published Mon, Aug 3, 2020 · 01:46 PM

[NEW YORK] Wall Street's main indexes opened higher on Monday as Microsoft's pursuit of TikTok's US operations and a clutch of upbeat quarterly earnings reports lifted sentiment in the absence of a fiscal coronavirus relief deal.

The Dow Jones Industrial Average rose 114.00 points, or 0.43 per cent, at the open to 26,542.32.

The S&P 500 opened higher by 17.14 points, or 0.52 per cent, at 3,288.26. The Nasdaq Composite gained 103.36 points, or 0.96 per cent, to 10,848.64 at the opening bell.

REUTERS

GET BT IN YOUR INBOX DAILY

Start and end each day with the latest news stories and analyses delivered straight to your inbox.

VIEW ALL

KEYWORDS IN THIS ARTICLE

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Capital Markets & Currencies

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here