Thursday, December 3, 2020
Home Covid-19 Wall Street opens higher on vaccine optimism

Wall Street opens higher on vaccine optimism


Stock prices rose Tuesday morning at the start of trading on the New York Stock Exchange, resuming the upward trend that gave the S&P 500 its best monthly performance since April.

The S&P 500 was up 0.9% at the start of the day, which appears headed for another record. Meanwhile, the Dow Jones industrial average was approaching 30,000 points again.

Investors seemed optimistic that European regulators will approve within four weeks a coronavirus vaccine developed by Pfizer and BioNTech.

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Yields on US Treasuries were rising.

Markets in Asia and Europe were also on the rise.

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