Stimulus hopes set to lift Wall Street as jobless claims stay elevated

Business Insider | Oct 1, 2020 at 2:00 AM
  • Wall Street’s main indexes were set to jump on the first day of the fourth quarter on Thursday as investors remained hopeful of a new coronavirus fiscal aid package, while data showed weekly jobless claims hovered at recession levels.
  • Shares of American Airlines Group Inc, Delta Air Lines Inc, United Airlines Holdings Inc and JetBlue Airways Corp rose between 1.5% and 3.3% in premarket trading.
  • Optimism around more fiscal support and a slate of better-than-expected data helped Wall Street’s main indexes jump on Wednesday.