Wall Street opens higher on hopes of swift economic recovery


FILE PHOTO: Traders exit the 11 Wall St. door of the New York Stock Exchange (NYSE) in New York City, New York, U.S., June 11, 2020. REUTERS/Brendan McDermid

(Reuters) – Wall Street’s main indexes opened higher on Wednesday, rising for a fourth straight session, as signs of more stimulus bolstered hopes of a quick economic rebound, even as six U.S. states saw a record rise in new coronavirus cases.

The Dow Jones Industrial Average .DJI rose 40.54 points, or 0.15%, at the open to 26,330.52. The S&P 500 .SPX opened higher by 11.39 points, or 0.36%, at 3,136.13, while the Nasdaq Composite .IXIC gained 47.45 points, or 0.48%, to 9,943.31 at the opening bell.

Reporting by Devik Jain in Bengaluru; Editing by Arun Koyyur



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