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 Democratic challenger Joe Biden. Treasury yields rose.
Published 30 September 2020, 15:38 IST