NEW YORK, Aug 24 — Wall Street was set for a slightly higher open today as a full US approval of a Covid-19 shot boosted shares of energy and travel-related companies, while gains in technology stocks put the Nasdaq on track for fresh highs.
Cruise operators including Carnival Corp rose about 1 per cent, while online travel agency TripAdvisor and casino companies MGM Resorts, Wynn Resorts added between 1.4 per cent and 2.8 per cent on hopes that the approval would increase vaccination rates in the United States and spark a stronger rebound in travel and leisure activities.
“We’re really still positioned for an ongoing growth and grind upward in the market because the prices reflect a need to do that for investors,” said Jason Pride, chief investment officer for private wealth at Glenmede in Philadelphia. At 8:18 a.m. ET, Dow e-minis were up 49 points, or 0.14 per cent, S&P 500 e-minis were up 6.25 points, or 0.14 per cent, and Nasdaq 100 e-minis were up 28.5 points, or 0.19 per cent.
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