Home / World News / Stimulus hopes set to lift Wall Street as labor market rebound slows

Stimulus hopes set to lift Wall Street as labor market rebound slows

The number of Americans filing for unemployment benefits rose last week for the first time in nearly four months, a report from the Labor Department showed

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3 min read Last Updated : Jul 23 2020 | 8:05 PM IST

Wall Street's main indexes were set to open slightly higher on Thursday, as investors held out for a new coronavirus relief package with data signaling that a recovery in the labor market was stalling.

The number of Americans filing for unemployment benefits rose last week for the first time in nearly four months, a report from the Labor Department showed.

"The monetary taps are on and are likely remain so while unemployment is so high and this should continue to support markets," said Geir Lode, head of global equities, International at Federated Hermes in London.

Leading US Senate Republicans and

Topics : Coronavirus Lockdown Community Transmission Wall Street Dow Jones S&P 500 Markets

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