Wall Street rises on pollen hopes and positive retail sales data

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Friday, October 16, 2020 - 15:06
Point Trader Group

US stocks rose at the open on Friday after Pfizer said it may place an order for emergency use of a vaccine it developed for Covid-19 as early as November, and data showed stronger-than-expected growth in retail sales last month.

The Dow Jones Industrial Average rose 76.52 points, or 0.27 percent, to 28,570.72 points.

The Standard & Poor's 500 Index rose 10.16 points, or 0.29 percent, to 3,493.50 points, while the Nasdaq Composite Index gained 47.96 points, or 0.41 percent, to 11,761.83 points.


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