Wall Street opens higher on recovery hopes despite jump in Covid-19 cases

The Dow Jones Industrial Average rose 59.88 points, or 0.23 per cent

Technology shares boosted Wall Street's main indexes on Wednesday as early signs of an economic rebound dominated over fears of another lockdown due to a jump in coronavirus cases across the country.

Safe-haven gold rose more than 1 per cent as the number of confirmed US cases surpassed 3 million, affecting nearly one of every 100 Americans. California, Hawaii, Idaho, Missouri, Montana, Oklahoma and Texas shattered their previous daily record highs for new infections.

"We expect the tug of war between better economic data and concerns over rising Covid-19 cases to continue through the month unless we get better daily virus numbers,