Wall Street opens higher as Biden set to unveil stimulus

Thursday, 14. January 2021 15:30

Trading on Wall Street kicked off in the green on Thursday as investors awaited details of incoming President Joe Biden's stimulus package.

According to CNN, Biden is expected to reveal a relief package worth as much as $2 trillion in an effort to aid the economy amid the resurgence of the coronavirus.

The Dow Jones climbed 0.32% in the first moments of the session with Johnson & Johnson among the strongest performers following news the company's coronavirus vaccine has been proven safe in early trials. The S&P 500 was up 0.26% as Intel led the gains, rising on news of its new CEO. Meanwhile, the Nasdaq 100 rose 0.24%; Applied Materials rallied over 6%.

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Breaking the News / JC