Dow opens up 130 points and notches an intraday record as fears of Italy-EU budget clash recede

Wednesday, 3 October 2018 20:51 WIB

Standard & Poor's 500Saham AS


U.S. stocks opened firmly higher Wednesday as news reports suggested Italy's government could avoid a collision with the European Union over its budget, potentially averting a source of financial market turmoil.

The Dow Jones Industrial Average climbed 129 points, or 0.5%, to trade at an intraday all-time high at 26,909, the S&P 500 index advanced 0.4% at 2,936, while the Nasdaq Composite Index rose 0.4% at 8,040.

The easing of European tensions helped to lift stocks but investors were also upbeat following a private-sector employment report that showed that employers added 230,000 jobs in September, more than had been expected, according to Automatic Data Processing Inc.



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