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Dow Opens Higher To Start Week As Boeing Surges


Monday, 8 June 2020 20:50 WIB

DOW JONESS & P 500Wall StreetSaham AS


U.S. stocks opened higher Monday, with New York , one of the hardest-hit cities by coronavirus, set to re-open, on the heels of a May employment report that showed that labor-market damage from lockdowns may not have been as longlasting as originally feared.

The Dow Jones Industrial Average added 157 points, 0.6%, to open near 27,268, while the S&P 500 opened 8 points, 0.3%, higher, near 3,202. The Nasdaq Composite Index, which on Friday closed just 3.1 points shy of an earlier all-time high, opened near 9,823, up 9 points and 0.1%.

Airline stocks and others that took the biggest hit during stay-home orders looked set to continue rallying: shares of American Airlines Group Inc. popped more than 7% higher at the opening bell, continuing a record 77% gain so far in June, and shares of Boeing Co. also seemed to receive a boost from optimism emanating from the airline industry.

Source : Market Watch


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