Wall Street Opens Thursday in Green

The New York Stock Exchange (NYSE) opened higher on Thursday, supported by positive economic data, with the Nasdaq reaching a new record high.

The Dow Jones Industrial Index is now up by 0.84% at 25,952 points, the S&P 500 index is up by 0.89 at 3,143.6 points, while the Nasdaq Composite is up 1.04% at 10,261.77 points.

The US Non-Farm Payrolls (NFP) report, released by the United States Bureau of Labor Statistics, showed an increase of 4.8 million jobs in June, beating market forecasts.

In addition, data by the US Commerce Department indicated that new factory orders in the United States increased during May on a monthly basis by 8%.

Wall Street achieved high gains on Wednesday supported by news about a vaccine for the new coronavirus disease (COVID-19) and the June purchasing managers’ index (PMI) for the manufacturing sector exceeding expectations.