New York: Major wall Street The indices closed at new all-time highs for the second straight session on Monday on improved US infrastructure and good employment data.
The benchmark Dow Jones Industrial Average closed 0.3 per cent higher at 36,432.22 and the broader-based S&P 500 rose 0.1 per cent to 4,701.70.
The tech-rich Nasdaq Composite Index closed 0.1 percent higher at 15,982.36.
Markets repeatedly set records last week amid good news in the fight against Covid-19, with Friday’s government jobs report showing the United States added 531,000 positions in October, better than expected.
Monday’s session was the first since Congress authorized a $1.2 trillion infrastructure overhaul in a presidential victory Joe Biden, markets as well as businesses such as construction equipment firm Caterpillar benefited, rising 4.1 percent.
Tesla drops 4.8 percent after a majority vote for its chief’s Twitter poll Elon Musk Asked whether he should sell his 10 percent stock in the electric car company.
There is a happy atmosphere in the markets federal ReserveThere was little change in sentiment after a gradual tightening of its easy money policies, and an interest rate hike by Vice Chairman Richard Clarida by the end of next year.
This week’s calendar features updates to consumer and producer price indices, which will show the latest on the inflation wave as the US economy recovers from the pandemic.
The benchmark Dow Jones Industrial Average closed 0.3 per cent higher at 36,432.22 and the broader-based S&P 500 rose 0.1 per cent to 4,701.70.
The tech-rich Nasdaq Composite Index closed 0.1 percent higher at 15,982.36.
Markets repeatedly set records last week amid good news in the fight against Covid-19, with Friday’s government jobs report showing the United States added 531,000 positions in October, better than expected.
Monday’s session was the first since Congress authorized a $1.2 trillion infrastructure overhaul in a presidential victory Joe Biden, markets as well as businesses such as construction equipment firm Caterpillar benefited, rising 4.1 percent.
Tesla drops 4.8 percent after a majority vote for its chief’s Twitter poll Elon Musk Asked whether he should sell his 10 percent stock in the electric car company.
There is a happy atmosphere in the markets federal ReserveThere was little change in sentiment after a gradual tightening of its easy money policies, and an interest rate hike by Vice Chairman Richard Clarida by the end of next year.
This week’s calendar features updates to consumer and producer price indices, which will show the latest on the inflation wave as the US economy recovers from the pandemic.
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