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US stocks start in October's first session

Economies.com
2020-10-01 14:36 UTC

US stock indices opened higher on Thursday, driven by the tech sector and hopes for a new fiscal stimulus in the US to counter the coronavirus impact

 

Data showed today the US unemployment claims fell around 36,000 to 837,000 during the past week, while personal income index fell 2.7%.

 

The market is anticipating the monthly jobs report for more cues, amid expectations that the US jobs market will continue to recover from the coronavirus crisis.

 

The market was shocked after the first presidential debate between the Republican candidate Donald Trump and his Democratic rival Joe Biden and resulted in harsh criticism exchange between.

 

As for stocks, Dow Jones rose 0.5% or 134 points to 27,915 as of 15:34 GMT, Nasdaq rose 1% or 109 points to 11,279, and S&P 500 rose 0.5% or 18 points to 3,382.

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