Stocks climb on Wall Street on hopes for deal on stimulus
Stocks are opening higher on Wall Street as traders hope that the White House and Congress can break a logjam on delivering more badly needed stimulus for an economy ravaged by coronavirus lockdowns. The S&P 500 rose 0.5% in the early going Wednesday, but it’s still headed for its first losing month since March. Treasury Secretary Steven Mnuchin told a CNBC conference he was hopeful about striking a stimulus deal with House Speaker Nancy Pelosi. The gains came after a chaotic and acrimonious first debate between President Donald Trump and Democractic challenger Joe Biden. Treasury yields rose.
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