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Wall Street opens higher as investors hopeful of more economic stimulus

The Dow Jones Industrial Average .DJI rose 50.43 points, or 0.18%, at the open to 28,245.85.

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The S&P 500 .SPX opened higher by 12.46 points, or 0.36 per cent, at 3,439.38, while the Nasdaq Composite

Reuters New York
Wall Street’s main indexes rose on Tuesday as investors hoped for more stimulus from Washington, with Senate Republicans preparing to vote on a bill to help small businesses hammered by the Covid-19 pandemic.

House of Representatives Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin will also talk again on Tuesday, after a 53-minute telephone conversation on Monday “continued to narrow their differences” about the coronavirus aid package, a Pelosi spokesman said on Twitter.

“The stimulus package seems to be the major fixation for investors right now — the idea of Republicans and Democrats agreeing on the next payments going forward,”

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First Published: Oct 20 2020 | 8:51 PM IST

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