MARKET OPEN: Wall Street gains to set a positive tone

Tue, 25 Aug 2020

Fresh records on Wall Street will set a positive tone as investors watch for more domestic earnings. Both the S&P 500 and the Nasdaq were on course for a record closing high, buoyed by optimism about a potential treatment for covid-19. The US Food and Drug Administration issued an “emergency use authorisation” for investigational convalescent plasma to treat hospitalised patients. The plasma has been taken from recovered covid-19 patients and “we’re encouraged by the early promising data that we’ve seen about convalescent plasma,” FD...

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