Wall Street closes in green amid stimulus deal hopes

Thursday, 01. October 2020 22:00

Major stock markets in the United States closed higher on Thursday as traders were monitoring the possible fiscal stimulus deal. House Speaker Nancy Pelosi said earlier today that the Democrats and the US President Donald Trump's administration are "coming closer together" in their negotiations on the next round of the coronavirus package aid. On the data front, US Census Bureau announced that construction spending in the country was 1.4% higher in August compared to July.

The Dow Jones Industrial Average increased by 0.13% as Walmart Inc. rose by 2.27%. The Nasdaq 100 advanced by 1.45% with Netflix as the best performer growing by 5.50% at the closing bell. The S&P 500 climbed 0.53% with Etsy jumping by 8.27%.

The euro rose 0.23% to the dollar to sell for $1.17468 at 3:57 pm ET.

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Breaking the News / TF