Wall Street opens higher on renewed hopes of stimulus deal

In this news, we discuss the Wall Street opens higher on renewed hopes of stimulus deal.

(Reuters) – Major Wall Street indices opened higher Monday on hopes of a coronavirus vaccine by year-end, while investors were also encouraged by the signing of a deal in Washington on a tax package that could be concluded soon.

The Dow Jones Industrial Average rose 27.24 points, or 0.10%, on the open to 28,633.55.

The S&P 500 opened 9.85 points, or 0.28%, higher at 3,493.66, while the Nasdaq Composite gained 60.78 points, or 0.52%, to 11,732.34 at the opening of the bell.

Report by Medha Singh in Bengaluru; Edited by Shounak Dasgupta

Original © Thomson Reuters

Originally posted 2020-10-19 18:06:09.

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