Wall Street sets new highs as stimulus hopes outweigh dire jobs report

By Devik Jain, Reuters

Wall Street’s main indexes opened at record highs on Friday, as hopes of more economic stimulus to ride out a pandemic-led downturn eclipsed concerns over a significant loss of pace in labor market recovery.

The Dow Jones Industrial Average rose 28.5 points, or 0.09%, at the open to 31069.58. The S&P 500 rose 11.3 points, or 0.30%, at the open to 3815.05​, while the Nasdaq Composite rose 92.7 points, or 0.71%, to 13160.215 at the opening bell.