Thursday, 22 Oct 2020

Wall Street gains at open on tech boost, stimulus optimism

FILE PHOTO: A Wall Street sign is pictured outside the New York Stock Exchange in the Manhattan borough of New York City, New York, U.S., October 2, 2020. REUTERS/Carlo Allegri/File Photo

(Reuters) – Wall Street’s main indexes opened higher on Monday with the tech-heavy Nasdaq jumping more than 1% as optimism about a deal in Washington over more fiscal stimulus lifted sentiment ahead of the start of quarterly corporate earnings season.

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

The S&P 500 opened higher by 22.89 points, or 0.66%, at 3,500.02, while the Nasdaq Composite gained 152.38 points, or 1.32%, to 11,732.33 at the opening bell.

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