US markets close higher, Dow surges over 500 pts

Wednesday, 07. October 2020 22:00

Major equity indexes in the United States finished trading significantly up on Wednesday as hopes of a partial coronavirus stimulus grew. In addition, members of the Federal Reserve's Open Market Committee saw overall financial conditions improving slightly in the country. However, New York Fed President John Williams warned that the economic outlook remains "highly uncertain."

The Dow Jones Industrial Average jumped 1.91% at the closing bell as Salesforce.com Inc. gained 3.93%. The Nasdaq 100 climbed 1.88%, while the S&P 500 grew 1.74%. Alexion Pharmaceuticals Inc. was the best performer on both indexes, advancing 7.97%.

The euro was up 0.23% against the dollar at 3:59 pm ET, changing hands at $1.17612.

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Author:
Breaking the News / MD