US opens higher on relief bill hopes, optimistic data

Thursday, 01. October 2020 15:30

Major stock market indexes in the United States started the trading session with gains on Thursday, amid optimism spurred by the change of tone in the negotiations between the White House and the House Democrats on the latest installment of the coronavirus relief package.

On the statistics front, traders were encouraged by the figure revealed in the US Department of Labor's jobless claims report, and they will keep a keen eye on the manufacturing sector activity data scheduled for release after the session's start.

The Dow Jones Industrial Average gained 0.61% or 176 points as the session started with Boeing rising 3.24% at 9:33 am ET. The Nasdaq 100 grew by 1.21% at the opening bell, with NXP Semiconductors advancing 4.37% at 9:31 am ET. The S&P 500 opened the session 0.76% up. The best performer on the index was Microchip Technology with a 4.03% jump two minutes into the session. The euro increased by 0.18% versus the dollar, selling for $1.17414 at 9:32 am ET.

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Breaking the News / BU