GLOBAL MARKETS-S&P 500 sets record high, crypto market cap passes US$2 trillion


The Dow Jones Industrial Average rose 373.98 points, or 1.13%, to 33,527.19, the S&P 500 gained 58.04 points, or 1.44%, to 4,077.91 and the Nasdaq Composite added 225.49 points, or 1.67%, to 13,705.59

NEW YORK: A string of surprisingly robust economic data boosted investor risk appetite on Monday, which sent the S&P 500 and the Dow to all-time closing highs and boosted cryptocurrency market cap over the US$2 trillion hurdle.

Friday's employment report showed the economy added 916,000 jobs last month, suggesting stimulus and vaccine deployment have jump-started what could be the strongest yearly economic performance in decades.

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