Wall Street sets new highs as stimulus hopes outweigh dire jobs report

Topics Wall Street | Dow Jones | US stocks

Wall Street's main indexes opened at record highs on Friday, as hopes of more economic stimulus to ride out a pandemic-led downturn eclipsed concerns over a significant loss of pace in labor market recovery.   The Dow Jones Industrial Average rose 28.5 points, or 0.09 per cent, at the open to 31069.58. The S&P 500 rose 11.

3 points, or 0.30 per cent, at the open to 3815.05, while the Nasdaq Composite rose 92.7 points, or 0.71 per cent, to 13160.215 at the opening bell.   (Reporting by Devik Jain in Bengaluru; Editing.....

This article is no longer available in our repository.

There could be multiple reasons for this.