Wall St opens higher on hopes of stimulus, rebound


Futures tracking the S&P 500 and the Dow Jones indexes edged higher on Monday following a selloff on Wall Street last week as investors weighed hopes of more stimulus and improving data against a resurgence in global coronavirus cases.

The spread of the coronavirus disease (COVID-19) in New York

FILE PHOTO: Traders wear masks as they work on the floor of the New York Stock Exchange as the outbreak of the coronavirus disease (COVID-19) continues in the Manhattan borough of New York, U.S., May 28, 2020. REUTERS/Lucas Jackson

REUTERS: Wall Street’s main indexes opened higher on Monday following a selloff last week as investors weighed hopes of more stimulus and improving data against a resurgence in global coronavirus cases.

The Dow Jones Industrial Average rose 136.90 points, or 0.55per cent, to 25,152.45 at the open. The S&P 500 opened higher by 9.54 points, or 0.32per cent, at 3,018.59, while the Nasdaq Composite gained 14.50 points, or 0.15per cent, to 9,771.72 at the opening bell.

(Reporting by Devik Jain in Bengaluru; Editing by Saumyadeb Chakrabarty)



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