US Stocks: Wall Street sets new highs as stimulus hopes outweigh dire jobs report

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January 08, 2021 8:25 PM

US Stocks: The Dow Jones Industrial Average rose 28.5 points, or 0.09%, at the open to 31069.58. The S&P 500 rose 11.3 points, or 0.30%, at the open to 3815.05​, while the Nasdaq Composite rose 92.7 points, or 0.71%, to 13160.215 at the opening bell.

US Stocks: Wall Street sets new highs as stimulus hopes outweigh dire jobs reportThe Wall Street street sign is framed by a giant American flag hanging on the New York Stock Exchange. (AP Photo/File)

Wall Street’s main indexes opened at record highs on Friday, as hopes of more economic stimulus to ride out a pandemic-led downturn eclipsed concerns over a significant loss of pace in labor market recovery.

The Dow Jones Industrial Average rose 28.5 points, or 0.09%, at the open to 31069.58. The S&P 500 rose 11.3 points, or 0.30%, at the open to 3815.05​, while the Nasdaq Composite rose 92.7 points, or 0.71%, to 13160.215 at the opening bell.

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