S&P 500, Dow gain on prospects of more stimulus

FILE PHOTO: A trader adjusts his mask as he works on the floor of the New York Stock Exchange as the outbreak of the coronavirus disease (COVID-19) continues in the Manhattan borough of New York, U.S., May 28, 2020. REUTERS/Lucas Jackson

(Reuters) – The S&P 500 and Dow climbed moments after the open on Tuesday as investors looked for signs that Washington was close to agreeing on more fiscal stimulus, while a sell-off in some of the biggest technology stocks weighed on the Nasdaq.

The Dow Jones Industrial Average .DJI rose 65.60 points, or 0.23%, at the open to 28,214.24, while the S&P 500 .SPX opened just slightly higher by 0.11 point at 3,408.74.

The Nasdaq Composite .IXIC dropped 17.95 points, or 0.16%, to 11,314.53 at the opening bell.

Reporting by Devik Jain in Bengaluru; Editing by Shounak Dasgupta

Source: Reuters

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