Wall Street livens up with prospects for fiscal stimulus for the US economy

At the beginning of the session, the S&P 500 rises 0,70%, to 3,384.20 points, the technological Nasdaq increases 1,04%, to 11,283.68 points, and the industrial Dow Jones grows 0,60%, to 27,947.17 points.

Reuters

The New York Stock Exchange opened Thursday's session on positive ground with investors betting on more fiscal stimulus, after the productive meeting between Treasury Secretary Steven Mnuchin and Mayor Nancy Pelosi on Wednesday on the coronavirus pandemic aid package.

At the beginning of the session, the S&P 500 rises 0,70%, to 3,384.20 points, the technological Nasdaq increases 1,04%, to 11,283.68 points, and the industrial Dow Jones grows 0,60%, to 27,947.17 points.

The number of new applications for unemployment support in the US in the week ending September 26 was 837, a decrease from the 873 recorded in the previous week, the data revealed Thursday by the US Department of Labor. .

Despite falling below the expectations of analysts, which stood at 850 thousand orders, the figures known today reveal a slight stagnation in the recovery of the North American labor market, as they give the fifth consecutive week in which the indicator is in the order of 800 thousand weekly orders.

The number of ongoing claims, on the other hand, fell by almost a million, a drop more steep than expected.

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