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Wall Street opens at near record highs on vaccine, stimulus optimism

U.S. stock index futures edged higher on Thursday as investors counted on more pandemic relief and speedy vaccine rollouts under the new Biden administration to aid the economic recovery while awaiting a reading on the weekly jobless claims.

The New York Stock Exchange (NYSE) is seen in the financial district of New York
FILE PHOTO: The New York Stock Exchange (NYSE) is seen in the financial district of New York, U.S., January 13, 2021. REUTERS/Shannon Stapleton
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REUTERS: Wall Street's main indexes opened near record highs on Thursday as investors counted on more pandemic relief and speedy vaccine roll-outs under the Biden administration to support the economy after data showed a weakening labor market recovery.

The Dow Jones Industrial Average rose 9.6 points, or 0.03per cent, at the open to 31198.01. The S&P 500 rose 5.6 points, or 0.15per cent, at the open to 3857.46​, while the Nasdaq Composite rose 64.2 points, or 0.48per cent, to an all-time high of 13521.476 at the opening bell.

(Reporting by Devik Jain in Bengaluru; Editing by Shounak Dasgupta)

Source: Reuters