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US Stocks close higher


The US stock market finished session higher on Monday, 24 May 2021, as risk sentiments improved on after the US Federal Reserve officials quell concerns about inflation and fears of monetary tightening by central banks.
At the close of trade, the Dow Jones Industrial Average index advanced 186.14 points, or 0.54%, to 34,394. The S&P 500 index increased 41.19 points, or 0.99%, at 4,197. The tech-heavy Nasdaq Composite Index added 190.18 points, or 1.41%, to 13,661.
Total 10 out of 11 S&P 500 sectors closed down, with communication services (up 1.84%), information technology (up 1.76%), real estate (up 1.06%), consumer discretionary (up 1.02%), energy (up 0.99%), and materials (up 0.84%) sectors being notable gainers.
Inflation concerns eased on expectations that President Joe Biden may need to settle for Congress agreeing to a smaller infrastructure package. On Friday the White House pared down the President s US$2.25 trillion infrastructure proposal to US$1.7 trillion ....

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