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The Stock Markets in New York Opened Higher on Thursday

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The stock markets in New York opened higher on Thursday, building on the good gains from the day before.

 

Sentiment on Wall Street continues to benefit from hopes for a new bailout package to get the US economy through the corona crisis. Furthermore, there were new figures about the benefit claims in the United States.

Shortly after the start, the Dow Jones index was up 0.3 percent at 28,389 points. The broad S&P 500 gained 0.5 percent to 3,436 points, and the Nasdaq technology exchange rose 0.6 percent to 11,563 points.

Talks about a deal for a new stimulus package are “starting to look like”, President Donald Trump has said.

Trump also openly toyed on Wednesday with the idea that he would soon be signing new crisis support, driving clear gains in New York. The financial markets are also processing the election debate between Kamala Harris and Mike Pence.

Last week, another 840,000 Americans filed for unemployment benefits, up from an adjusted 849,000 a week earlier.

Economists had expected a decrease to 820,000. The fact that the decline is less than expected suggests that the recovery in the US labour market is slowing somewhat.

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