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US stocks pull back from record highs as Wall Street s rally cools

Dow, S&P 500 close at record highs as stimulus optimism continues

Dow, S&P 500 close at record highs as stimulus optimism continues Emily GraffeoFeb 9, 2021, 03:17 IST Traders work on the floor of the New York Stock exchangeSpencer Platt/Getty Images All three major indexes closed at record highs on Monday as investors remain optimistic for a robust stimulus package. Oil prices hit their highest level in over a year as an expected recovery in demand brightened a recently grim outlook for the industry. Bitcoin soared 16% to all-time-highs of $44,795.20 as Tesla invested in the cryptocurrency. All three major indexes closed at record highs on Monday as investors remain hopeful falling coronavirus cases and a robust stimulus package from the Biden administration will bolster the economic recovery in the coming months.

S&P 500 and Nasdaq hit records on positive labor-market data

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