BUSINESS US stocks open mostly up despite bad economic data

BUSINESS

US stocks open mostly up despite bad economic data

AFP

21:42, April 16, 2020

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File photo: AFP

Wall Street stocks opened mostly higher Thursday even as fresh economic data showed another spike in unemployment and a big drop in homebuilding.

About five minutes into trading, the Dow Jones Industrial Average stood at 23,462.36, down 0.2 percent.

The broad-based S&P 500 advanced 0.5 percent to 2,796.53, while the tech-rich Nasdaq Composite Index jumped 1.0 percent to 23,462.36.


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