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U.S. stocks hit record as Biden calls for more stimulus
Rita Nazareth and Vildana Hajric, Bloomberg News
BNN Bloomberg s closing bell update: Jan. 8, 2021 VIDEO SIGN OUT
Stocks climbed to all-time highs after President-elect Joe Biden said heâll lay out the details of trillions of dollars in further aid to revive the worldâs largest economy.
The S&P 500 notched its fourth straight day of gains, led by retailers and real-estate companies. The Nasdaq 100 outperformed, with Tesla Inc. surging for an 11th consecutive session. Meanwhile, the KBW Bank Index halted a rally that drove the gauge up more than 10 per cent in three days. Miners joined a selloff in gold and silver.
U.S. stocks roar on stimulus bets as Nasdaq jumps 2.5%
Rita Nazareth and Lu Wang, Bloomberg News
BNN Bloomberg s mid-morning market update: January 7, 2021 VIDEO SIGN OUT
Stocks rallied a day after violence rocked the U.S. Capitol, with investors firmly focused on the prospect for more stimulus and the likelihood that calm will prevail as Joe Biden takes the presidency.
All major U.S. equity benchmarks notched all-time highs, with about 70 per cent of the companies in the S&P 500 in the green and the Nasdaq 100 jumping 2.5 per cent. The Dow Jones Transportation Average a proxy for economic activity also hit a record, while the Russell 2000 Index of small caps extended a three-day advance to almost 8 per cent. Tesla Inc. surged after RBC Capital Markets upgraded the stock, noting it was âcompletely wrongâ with a previous bearish view. Another notable call came from Goldman Sachs Group Inc., which said banks have âmoved back into vogueâ due to optim
U.S. stocks roar on stimulus bets as Nasdaq jumps 2.5%
Rita Nazareth and Lu Wang, Bloomberg News
BNN Bloomberg s mid-morning market update: January 7, 2021 VIDEO SIGN OUT
Stocks rallied a day after violence rocked the U.S. Capitol, with investors firmly focused on the prospect for more stimulus and the likelihood that calm will prevail as Joe Biden takes the presidency.
All major U.S. equity benchmarks notched all-time highs, with about 70 per cent of the companies in the S&P 500 in the green and the Nasdaq 100 jumping 2.5 per cent. The Dow Jones Transportation Average a proxy for economic activity also hit a record, while the Russell 2000 Index of small caps extended a three-day advance to almost 8 per cent. Tesla Inc. surged after RBC Capital Markets upgraded the stock, noting it was âcompletely wrongâ with a previous bearish view. Another notable call came from Goldman Sachs Group Inc., which said banks have âmoved back into vogueâ due to optim
U.S. stocks roar on stimulus bets as Nasdaq jumps 2.5%
Rita Nazareth and Lu Wang, Bloomberg News
BNN Bloomberg s mid-morning market update: January 7, 2021 VIDEO SIGN OUT
Stocks rallied a day after violence rocked the U.S. Capitol, with investors firmly focused on the prospect for more stimulus and the likelihood that calm will prevail as Joe Biden takes the presidency.
All major U.S. equity benchmarks notched all-time highs, with about 70 per cent of the companies in the S&P 500 in the green and the Nasdaq 100 jumping 2.5 per cent. The Dow Jones Transportation Average a proxy for economic activity also hit a record, while the Russell 2000 Index of small caps extended a three-day advance to almost 8 per cent. Tesla Inc. surged after RBC Capital Markets upgraded the stock, noting it was âcompletely wrongâ with a previous bearish view. Another notable call came from Goldman Sachs Group Inc., which said banks have âmoved back into vogueâ due to optim