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Wall Street opens higher shrugging off bleak GDP, jobless claims data

The Dow Jones Industrial Average rose 74.0 points, or 0.24%, at the open to 30377.19

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In this photo provided by the New York Stock Exchange, traders work in a booth on the trading floor

1 min read Last Updated : Jan 28 2021 | 8:13 PM IST

Wall Street's main indexes opened higher on Thursday, shrugging off data which showed another sharp contraction in the US economy and a rise in weekly jobless claims.

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The Dow Jones Industrial Average rose 74.0 points, or 0.24%, at the open to 30377.19. The S&P 500 rose 5.0 points, or 0.13%, at the open to 3755.75, while the Nasdaq Composite rose 52.7 points, or 0.40%, to 13323.294 at the opening bell.

Topics : Wall Street US GDP US economy US jobless US stock market