US opens mostly up as stimulus fuels recovery hopes

Tuesday, 22. December 2020 15:30

Equities on major stock markets in the United States traded mostly higher at the opening bell on Tuesday after the US House of Representatives and Senate passed a $2.3 trillion government spending package that includes $900 billion in coronavirus relief funds.

On the data front, the US Bureau of Economic Analysis revised up its GDP estimate for the third quarter of 2020 to 33.4%, marking the sharpest jump in the country's history.

The Dow Jones kicked off the session decreasing by 0.08% as Walgreens Boots declined more than 1%. The S&P 500 added 0.09% with Apartment Investment and Management Co jumping over 3%, while the Nasdaq 100 advanced 0.20% at the same time as Baidu gained nearly 3% a minute later. The euro lost 0.08% against the dollar, changing hands for 1.22228 at 9:28 am ET.

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Breaking the News / GA