US Stock Market Closes At Record With Stimulus Optimism
Treasury head said economy could return to full employment next year if Congress passes Biden s $1.9T relief plan. US stock market indexes closed Monday at record levels with stimulus optimism amid a faster recovery in the world s largest economy.
The Dow Jones climbed to an all-time high of 31,386 points to close one point off that mark. The blue chip index is now on a six-day winning streak the longest since August.
The S&P 500 and the Nasdaq each ended at record levels of 3,908 and 13,987, respectively.
Oil majors were the largest gainers with ExxonMobil and ConocoPhillips gaining 4.3% and 5.3%, respectively, as prices rose around 2% in hopes of a recovery in the global economy and overall crude demand around the world.
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