US stocks close higher as fiscal aid talks progress


The Dow Jones Industrial Average rose 122.05 points, or 0.43%, to 28,425.51, the S&P 500 gained 27.38 points, or 0.80%, to 3,446.83 and the Nasdaq Composite added 56.38 points, or 0.5%, to 11,420.98. The pan-European STOXX 600 index rose 0.78% and MSCI's gauge of stocks across the globe gained 0.79%.

NEW YORK: Wall Street advanced and crude prices surged on Thursday as reports continued to surface of new developments in pandemic relief negotiations in Washington.

All three major U.S. stock indexes gained ground, with smaller cap stocks handily outperforming their larger counterparts.

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