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Stocks open higher on Wall Street, hold near record highs

December 3, 2020

Via: ABC News

Stocks are opening slightly higher on Wall Street, keeping major indexes hovering near record highs. The S&P 500 edged up less than 0.1% in the early going Thursday, nudged along by gains in technology and industrial companies. Investors are keeping a close eye on Washington, where President-elect Joe Biden gave his support to a bipartisan effort to provide more relief to the economy. Before trading opened the Labor Department reported that the number of people applying for unemployment benefits fell last week to a still-high 712,000. Treasury yields moved lower. European markets mostly slipped and Asian markets were mixed.

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