BUSINESS US stocks open up despite another jobless claims spike

BUSINESS

US stocks open up despite another jobless claims spike

AFP

21:46, May 07, 2020

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File photo: CGTN

Wall Street stocks rose early Thursday, shrugging off another huge jobless claims figure, amid optimism about the US economic restart and progress on pharmaceuticals to address the coronavirus.

About 10 minutes into trading, the Dow Jones Industrial Average stood at 23,940.64, up 1.2 percent.

The broad-based S&P 500 gained 1.4 percent to 2,887.20, while the tech-rich Nasdaq Composite Index jumped 1.3 percent to 8,970.43.

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