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Wall Street opens higher on hopes of stimulus-led economic rebound

The Dow Jones Industrial Average rose 39.91 points, or 0.15 percent, at the open to 26,774.62.

July 17, 2020 / 07:21 PM IST

US stocks opened higher on Friday, with the S&P 500 on course for its third straight weekly gain, as investors bet on more official stimulus to drive a post-pandemic economic revival even as domestic coronavirus cases posted another record jump.

The Dow Jones Industrial Average rose 39.91 points, or 0.15 percent, at the open to 26,774.62.

The S&P 500 opened higher by 8.64 points, or 0.27 percent, at 3,224.21, while the Nasdaq Composite gained 26.69 points, or 0.25 percent, to 10,500.52 at the opening bell.

 
Reuters

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