Wall Street opens higher as vaccine progress fuels recovery hopes

FILE PHOTO: The New York Stock Exchange (NYSE) is seen as people walk in silhouette in the financial district of New York, U.S., November 19, 2020. REUTERS/Shannon Stapleton/File Photo

(Reuters) – Wall Street’s main indexes opened higher on Monday as hopes that the first COVID-19 vaccine could be available within weeks renewed bets of a swift economic recovery next year.

The Dow Jones Industrial Average rose 69.34 points, or 0.24%, at the open to 29,332.82. The S&P 500 opened higher by 9.28 points, or 0.26%, at 3,566.82, while the Nasdaq Composite gained 61.79 points, or 0.52%, to 11,916.76 at the opening bell.

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