S&P, Nasdaq close at record highs on optimism about Biden stimulus plan


The Dow Jones Industrial Average fell 12.37 points, or 0.04%, to 31,176.01, the S&P 500 gained 1.22 points, or 0.03%, to 3,853.07 and the Nasdaq Composite added 73.67 points, or 0.55%, to 13,530.92.

NEW YORK: The S&P 500 and Nasdaq closed at record highs on Thursday, propelled by optimism about more pandemic relief under the Biden administration to support the economy after data showed a tepid labor market recovery.

The Dow was also poised for a record until falling into negative territory in the final minutes of trading.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
S&P , Nasdaq , Dow , stocks , Biden , stimulus ,

Next In Business News

Advancecon wins RM82mil earthworks job in Johor
Policy certainty, reforms and current external factors are working for ringgit, says BNM Governor
Malaysia IPO market tops Southeast Asia by volume in 2025
Banking stocks lift FBM KLCI to intraday high, ringgit extends gains
Gold climbs, silver jumps 8% to near record highs on safe-haven demand
Malaysia’s real estate market remains attractive to foreign investors even with stronger ringgit
Indonesian president's nephew appointed to central bank, raising independence concerns
Matrade steps up export drive in 2026 after record trade year
MR DIY outperforms southeast Asia peers
Greentronics enters Thai digital insurance space through insurer partnership

Others Also Read