S&P 500, Nasdaq edge higher as investors cling to stimulus hopes

The S&P 500 opened higher by 2.94 points, or 0.09%, at 3,438.50, while the Nasdaq Composite gained 42.28 points, or 0.37%, to 11,526.98 at the opening bell

Wall Street — FILE PHOTO: Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York. Reuters

1 min read Last Updated : Oct 22 2020 | 8:38 PM IST

The S&P 500 and Nasdaq inched higher at the open on Thursday as investors held out for more fiscal stimulus, while trading in Dow constituents was subdued as data pointed to a slowing economic recovery.

The S&P 500 opened higher by 2.94 points, or 0.09%, at 3,438.50, while the Nasdaq Composite gained 42.28 points, or 0.37%, to 11,526.98 at the opening bell.

The Dow Jones Industrial Average fell 13.40 points, or 0.05%, at the open to 28,197.42.