US stocks open higher as a technology-driven rally chugs on

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Stocks open higher as Wall Street’s tech-driven rally continues. DraftKings jumped more than 8% after announcing that basketball legend Michael Jordan would take an ownership stake in the company.

A woman walks by an electronic stock board of a securities firm in Tokyo, Wednesday, Sept. 2, 2020. Asian shares were mixed on Wednesday after another U.S. rally spurred by positive economic data, even while the coronavirus pandemic has regions around the world battling recessions.

Investor sentiment was lifted by better-than-expected economic data overnight. The U.S. Commerce Department said construction spending in the U.S. edged higher in July, breaking a string of losses due to disruptions caused by the pandemic. Japan’s benchmark Nikkei 225 added 0.5% to finish at 23,247.15. Australia’s S&P/ASX 200 rose 1.8% to 6,063.20, even though the nation reported its worst drop in GDP ever, with a 7% contraction in the April-June quarter, and is now in recession.

 

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Go home. Yr drunk.

Meanwhile, Main Street is still on a ventilator. Winning

Meanwhile

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