US: Wall St opens higher on vaccine hopes, Pepsi boost

[NEW YORK] Wall Street's main indexes opened higher on Monday, with the Nasdaq notching up a new record high as investors cheered signs of progress in Covid-19 vaccine development and an upbeat start to the second-quarter earnings season by Pepsi.

The Dow Jones Industrial Average rose 149.77 points, or 0.57 per cent, at the open to 26,225.07

The S&P 500 opened higher by 20.04 points, or 0.63 per cent, at 3,205.08, while the Nasdaq Composite gained 112.48 points, or 1.06 per cent, to 10,729.92 at the opening bell.

REUTERS

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