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Wall Street Opens Higher After Trump’s Remarks

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Wall Street opened higher on Monday after President Donald Trump stated that U.S. is likely have a vaccine against coronavirus in weeks. He also said Washington could reach a deal with Iran within a month following the November elections.

Meanwhile on economic event, the market participants expected the Federal Reserve to maintain the 2% inflation rate until 2023.

On opening, The Dow Jones rose 0.70%, The Nasdaq 100 jumped 1.28%, while The S&P 500 surged 0.78%.

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