US stocks open higher, extending rally on recovery hopes

Business & Finance
3 Jun 2020 • 10:35 PM MYT
Malay Mail
Malay Mail

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In this file photo the US flag is seen at the New York Stock Exchange (NYSE) on April 30, 2020 in New York City. — AFP pic

NEW YORK, June 3 — Wall Street stocks opened higher today, extending an equity rally on hopes the US economy will rebound quickly from the hit from coronavirus shutdowns.

Just after trading opened, the Dow Jones Industrial Average stood at 25,972.35, up 0.9 per cent.

The broad-based S&P 500 gained 0.8 per cent to 3,105.30, while the tech-rich Nasdaq Composite Index advanced 0.4 per cent ot 9,649.95. — AFP