US stocks open higher, resuming upward climb | Malay Mail

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NEW YORK, July 8 — Wall Street stocks opened higher today, shrugging off losses in the prior session as investors assess the economic hit from rising coronavirus cases in the US. About 15 minutes into trading, the Dow Jones Industrial Average was up 0.6 per cent at 26,045.53. The broad-based...

The broad-based S&P 500 gained 0.7 per cent to 3,166.67, while the tech-rich Nasdaq Composite Index jumped 1.0 per cent to 10,446.59. — Reuters pic

Several large states, including Texas, Florida and California have rolled back steps to reopen their economies following spikes in coronavirus cases. “It's a big country, most of it is doing rather well,” Kudlow said on CNBC. “Some of it is in trouble here, I get that.”

 

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