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MarketWatch MarketPulseOct 29, 2020
Stocks rebound after worst day since June
Stocks opened modestly higher Thursday after suffering the biggest rout since June amid a continued stream of corporate earnings and mixed data on the job market. The Dow Jones Industrial Average added 6 points to open near 26,526, while the S&P 500 gained 10 points, 0.3%, to trade near 3,281. The Nasdaq Composite jumped 74 points, 0.7%, and was near 11,079. The most widely-watched measure of first-time claims for jobless benefits declined in the most recent week, but that's in part because unemployed workers are beginning to exhaust their state benefits and are now relying on a federal program that offers extended compensation. That program's claims jumped last week. Shares of Moderna Inc. bounced higher Thursday after the company said it is "actively preparing for the launch" of its COVID-19 vaccine.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


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