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Wall Street Gains at Open on Tech And Stimulus Optimism

Adel 12 October, 2020 6:18 pm Global Stock Market, Market Update

The main indexes on Wall Street opened higher on Monday, while the Nasdaq index, teeming with tech companies, jumped more than 1% as sentiment was boosted by optimism about an agreement in Washington on more financial support ahead of the start of the quarterly earnings announcement season.

The Dow Jones Industrial Average rose 84.22 points, or 0.29%, to 28,671.12 points.

The Standard & Poor’s 500 Index rose 22.89 points, or 0.66%, to 3,500.02 points, while the Nasdaq Composite Index rose 152.38 points, or 1.32%, to 11,732.33 points.

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