Wall St. opens near record highs on stimulus hopes

FILE PHOTO: Traders wearing masks work, on the first day of in person trading since the closure during the outbreak of the coronavirus disease (COVID-19) on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 26, 2020. REUTERS/Brendan McDermid/File Photo

(Reuters) – Wall Street’s main indexes opened near record highs on Thursday as investors bet on more fiscal stimulus to ride out a coronavirus-driven recession with data showing a nascent recovery in the labor market was stalling.

The Dow Jones Industrial Average rose 28.7 points, or 0.09%, at the open to 31466.49. The S&P 500 rose 6.5 points, or 0.17%, at the open to 3916.4, while the Nasdaq Composite rose 72.7 points, or 0.52%, to 14045.214 at the opening bell.

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