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Wall Street edges higher as investors await new economic cues from Fed

The Dow Jones Industrial Average rose 57.54 points, or 0.19 per cent

wall street

The S&P 500 opened higher by 18.92 points, or 0.52 per cent

US stock indexes rose on Tuesday as progress toward a massive government stimulus bill kept spirits high, while investors hoped for continued signals of easy monetary policy from the Federal Reserve's final meeting of the year.

Apple Inc was the top boost to all three US benchmarks, rising 3.5 per cent to a more than three-month high after a report said it plans to increase iPhone production by 30 per cent in the first half of 2021.Markets saw a recent spike in coronavirus infections and deaths as pushing the case for the quick passing of a Covid-19 stimulus bill, with economically

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First Published: Dec 15 2020 | 8:13 PM IST

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