US stocks advance cautiously at open amid earnings, virus | Malay Mail

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NEW YORK, Oct 14 — Wall Street slowly climbed upward at the open today amid major earnings reports and continued uncertainty surrounding the coronavirus pandemic. About 20 minutes into trading, the benchmark Dow Jones Industrial Average was up 0.3 per cent at 28,775.71. The broad-based S&P...

About 20 minutes into trading, the benchmark Dow Jones Industrial Average was up 0.3 per cent at 28,775.71. — Reuters pic

About 20 minutes into trading, the benchmark Dow Jones Industrial Average was up 0.3 per cent at 28,775.71. Equities retreated the day before despite better-than-expected results from major banks Citigroup and JPMorgan, with analysts taking note of executives’ insistence that more stimulus is needed for the US economy.

“An uptick in coronavirus cases remains a market overhang, with the US reporting the highest number of hospitalisations related to the virus since early September,” Wells Fargo Advisors said.

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