You are here

US: Wall St opens higher on hopes of stimulus-led economic rebound

tl-wallst-170720.jpg
US stocks opened higher on Friday, with the S&P 500 on course for its third straight weekly gain, as investors bet on more official stimulus to drive a post-pandemic economic revival even as domestic coronavirus cases posted another record jump.

[NEW YORK] US stocks opened higher on Friday, with the S&P 500 on course for its third straight weekly gain, as investors bet on more official stimulus to drive a post-pandemic economic revival even as domestic coronavirus cases posted another record jump.

The Dow Jones Industrial Average rose 39.91 points, or 0.15 per cent, at the open to 26,774.62. The S&P 500 opened higher by 8.64 points, or 0.27 per cent, at 3,224.21, while the Nasdaq Composite gained 26.69 points, or 0.25 per cent, to 10,500.52 at the opening bell. 

REUTERS

 

BT is now on Telegram!

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