Wall Street set to rise on renewed hopes of stimulus deal

FAN Editor
FILE PHOTO: A street sign, Wall Street, is seen outside New York Stock Exchange (NYSE) in New York City, New York
FILE PHOTO: A street sign, Wall Street, is seen outside New York Stock Exchange (NYSE) in New York City, New York, U.S., January 3, 2019. REUTERS/Shannon Stapleton

October 19, 2020

(Reuters) – Wall Street’s main indexes opened higher on Monday on hopes of a coronavirus vaccine by the year-end, while investors were also encouraged by signs an agreement in Washington on a fiscal package could be reached soon.

The Dow Jones Industrial Average rose 27.24 points, or 0.10%, at the open to 28,633.55. The S&P 500 opened higher by 9.85 points, or 0.28%, at 3,493.66, while the Nasdaq Composite gained 60.78 points, or 0.52%, to 11,732.34 at the opening bell.

(Reporting by Medha Singh in Bengaluru; Editing by Shounak Dasgupta)

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