Wall Street Edges Higher in Holiday-Thinned Trade; Dow up 120 Pts

This post was originally published on this site

https://i-invdn-com.akamaized.net/news/LYNXMPEA5N0R4_M.jpg

Investing.com — U.S. stock markets drifted higher early Friday in holiday-thinned trend, continuing to look through the short-term pain of the pandemic a day after the number of people nationwide with the Covid-19 virus topped 90,000 for the first time.

By 9:40 AM ET (1440 GMT), the Dow Jones Industrial Average was up 110 points or 0.4% at 29,982 points. It’s on course for its highest-ever weekly close, having given back only a small part of the gains it made at the start of the week. 

The S&P 500 was also up 0.4% while the NASDAQ Composite was up 0.6%.

Among the biggest gainers in early trade were life sciences companies that stand to gain from any complications with the approval of AstraZeneca (NASDAQ:AZN)’s candidate vaccine for the coronavirus. 

Add Comment