Wall St. opens near record highs as grim jobs data fuels stimulus hopes

FILE PHOTO: A man walks outside the New York Stock Exchange (NYSE) in New York, U.S., November 24, 2020. REUTERS/Brendan McDermid

(Reuters) – Wall Street’s main indexes opened near all-time highs on Friday as worse-than-expected jobs growth in November spurred bets of a new fiscal stimulus package to help lift the economy from its worst downturn in decades.

The Dow Jones Industrial Average rose 20.0 points, or 0.07%, at the open to 29989.56. The S&P 500 rose 4.2 points, or 0.12%, at the open to 3670.94, while the Nasdaq Composite rose 22.1 points, or 0.18%, to 12399.322 at the opening bell.

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