US Stocks Bounce At Start Of 1st Session Of August
Sumaira FH 2 months ago Mon 02nd August 2021 | 07:46 PM
Wall Street stocks rose early Monday ahead of key US economic data and earnings as markets monitor the latest Covid-19 and vaccination trends.
New York, Aug 2 (UrduPoint / Pakistan Point News - 2nd Aug, 2021 ) :Wall Street stocks rose early Monday ahead of key US economic data and earnings as markets monitor the latest Covid-19 and vaccination trends.
Top US scientist Anthony Fauci predicted the United States would see "some pain and suffering in the future" due to the Delta strain of Covid-19.
But on the positive side, new US vaccinations have begun to tick higher again in the last week or so after a period of decline.
After ending last week on a lackuster note, analysts said the early gains Monday reflected the inflow of additional investment funds at the start of a new month.
About 20 minutes into trading, the Dow Jones Industrial Average was up 0.7 percent at 35,164.28.
The broad-based S&P 500 added 0.5 percent at 4,419.14, while the tech-rich Nasdaq Composite Index gained 0.3 percent to 14,713.99.