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Wall Street gains on stimulus hopes, hints of Trump hospital discharge

The Dow Jones Industrial Average rose 142.61 points, or 0.52%, at the open to 27,825.42

Donald Trump | Wall Street | Coronavirus


Donald Trump
US President Donald Trump, who tested Covid-positive, works from a conference room at Walter Reed National Military Medical Center | Photo: Reuters

Wall Street's main indexes opened higher on Monday as doctors said President could be discharged from the hospital where he is being treated for Covid-19, while hopes of a new fiscal stimulus bill also lifted sentiment.

The Dow Jones Industrial Average rose 142.61 points, or 0.52%, at the open to 27,825.42. The S&P 500 opened higher by 18.83 points, or 0.56%, at 3,367.27, while the Nasdaq Composite gained 94.09 points, or 0.85%, to 11,169.11 at the opening bell.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Mon, October 05 2020. 19:47 IST