The Business Times

US: Wall St jumps at open, shaking off Trump's stimulus shock

Published Wed, Oct 7, 2020 · 01:50 PM

[NEW YORK] Wall Street's main indexes jumped 1 per cent shortly after the open on Wednesday, recouping losses from the previous session triggered by President Donald Trump's abrupt call to end stimulus talk, while Levi Strauss hit a four-month high after posting a surprise quarterly profit.

The Dow Jones Industrial Average rose 198.60 points, or 0.72 per cent , at the open to 27,971.36.

The S&P 500 opened higher by 23.61 points, or 0.70 per cent, at 3,384.56, while the Nasdaq Composite gained 117.07 points, or 1.05 per cent, to 11,271.68 at the opening bell.

REUTERS

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