Wall Street opens higher on economic rebound hopes

Posted on June 8, 2020

New York Stock Exchange opens during COVID-19

FILE PHOTO: Traders wearing masks work, on the first day of in person trading since the closure during the outbreak of the coronavirus disease (COVID-19) on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 26, 2020. (REUTERS/Brendan McDermid)

BY DEVIK JAIN

Wall Street’s main indexes opened higher on Monday, building on last week’s rally after a surprise rebound in jobs bolstered views that the U.S. economy has weathered the worst of the economic fallout from the COVID-19 pandemic.

The Dow Jones Industrial Average rose 121.95 points, or 0.45%, at the open to 27,232.93.

The S&P 500 opened higher by 5.99 points, or 0.19%, at 3,199.92. The Nasdaq Composite gained 9.36 points, or 0.10%, to 9,823.44 at the opening bell.