Stocks on Wall Street open higher after 3 days of losses

The S&P 500 index was up 0.3% as of 10 a.m. Eastern. The Dow Jones Industrial Average also rose 0.3%, and the Nasdaq climbed 0.5%. The Russell 2000 index of small company stocks was up 1.1%, a sign that investors were anticipating more economic growth and potentially higher inflation.

Wall Street continues to look to Washington for direction, as Democrats move forward with their $1.9 trillion stimulus plan to combat the coronavirus. Incremental moves were made this week, with the Biden administration signalling it would drop its call for a $15-an-hour minimum wage in this stimulus plan in order to get support from moderate Democratic senators.

Much of the recent economic data has shown the U.S. economy could benefit from additional stimulus. Wall Street got a weekly jobless claims report Thursday that showed 861,000 Americans filed for unemployment last week, a rise from the previous week and higher than Wall Street had forecast. The Federal Reserve, in the minutes from its January meeting, also laid out the case for why additional stimulus would be necessary and not cause the economy to overheat.

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Asian stocks mixed after lacklustre day on Wall StreetAsian shares were mixed Wednesday after Wall Street took a breather, with major indexes edging lower.
Fuente: CTVNews - 🏆 1. / 99 Leer más »

Global stocks follow Wall Street higher after U.S Federal Reserve pledgeGlobal stock markets followed Wall Street higher Thursday after the Federal Reserve chairman said the U.S. central bank is in no hurry to withdraw support for the economy.
Fuente: CTVNews - 🏆 1. / 99 Leer más »

Asian stocks follow Wall Street higher after tech rallyAsian stock prices followed Wall Street higher on Wednesday following a rally for major tech companies.
Fuente: CTVNews - 🏆 1. / 99 Leer más »