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US stocks scale new peak on recovery bets
Wall Street s main indexes hit all-time highs on Tuesday, with investors piling into economically sensitive stocks on hopes of more fiscal aid to lift the world s biggest economy from a coronavirus-driven slump. The Dow Jones Industrial Average was up 110.66 points, or 0.35%, at 31,569.06, the S&P 500 was up 13.86 points, or 0.35%, at 3,948.69, and the Nasdaq Composite was up 55.97 points, or 0.40%, at 14,151.45.
European shares hover near one-year highs
European shares hovered near one-year highs on Tuesday as investors bet a bumper U.S. stimulus package will power global economic growth this year, while Glencore led a rally among mining stocks after reinstating its dividend. The pan-European STOXX 600 was down 0.13% after jumping 1.3% in the previous session to its highest level since February 2020.
US stocks retreat from all-time highs
Wall Street s main indexes slipped from record levels on Monday as investors locked in gains after a stellar vaccine and stimulus-fueled rally, while Twitter shares slumped following the permanent suspension of President Donald Trump s account. The Dow Jones Industrial Average fell 167.89 points, or 0.54%, to 30,930.08, the S&P 500 lost 28.84 points, or 0.75%, to 3,796.14 and the Nasdaq Composite lost 161.41 points, or 1.22%, to 13,042.36.
European shares rally falters
European stocks fell from over 10-month highs on Monday after rallying last week, as investors feared a surge in coronavirus cases across the continent and mainland China could delay an economic recovery. The pan-European STOXX 600 index fell 0.63%, easing from its February 2020 peak hit on Friday. Germany s DAX index shed 0.94% after hitting all-time highs last week and France s CAC 40 was down 0.84%.