US higher premarket ahead of country re-opening

Wednesday, 06. May 2020 10:31

Shares on Wall Street ticked higher in the premarket on Wednesday after United States President Donald Trump said that there may be a "recurrence" of the virus, but insisted businesses have to start reopening as he "can't keep the country closed for five years." Also, Federal Reserve Bank (Fed) President Charles Evans claimed it is "reasonable" to expect the United States economy to recover growth after June, adding that it would "involve a lot of things going right." Meanwhile, investors are waiting for the Automatic Data Processing, Inc to release the data on the employment change.

The Dow Jones advanced 0.51% at 4:30 am ET, while the Nasdaq 100 concurrently jumped 0.65%. A minute later, the S&P 500 gained 0.48%.

The euro traded 0.39% lower against the dollar to sell for $1.07942 at 4:31 am ET.

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Breaking the News / TF