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Home Top News

Wall Street opens higher on economic rebound hopes

by Thehub Press
June 8, 2020
in Top News
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Wall Street opens higher on economic rebound hopes
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FILE PHOTO: Traders wearing masks work, on the first day of in person trading since the closure during the outbreak of the coronavirus disease (COVID-19) on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 26, 2020. REUTERS/Brendan McDermid

(Reuters) – Wall Street’s main indexes opened higher on Monday, building on last week’s rally after a surprise rebound in jobs bolstered views that the U.S. economy has weathered the worst of the economic fallout from the COVID-19 pandemic.

The Dow Jones Industrial Average rose 121.95 points, or 0.45%, at the open to 27,232.93.

The S&P 500 opened higher by 5.99 points, or 0.19%, at 3,199.92. The Nasdaq Composite gained 9.36 points, or 0.10%, to 9,823.44 at the opening bell.

Reporting by Devik Jain in Bengaluru; Editing by Shounak Dasgupta

Our Standards:The Thomson Reuters Trust Principles.



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Tags: AmericasContent produced in BangaloreEquities MarketsMajor NewsMarket ReportsReportsSTOCKSUnited StatesUSUSA
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