The Dow Jones Industrial Average gained 0.9 per cent to 26,664.40, while the broad-based S&P 500 climbed 0.7 per cent to 3,294.61.[NEW YORK] The Nasdaq powered to a fresh record on Monday fueled by Microsoft's potential takeover of TikTok, as markets monitored talks in Washington on another federal relief package.The Dow Jones Industrial Average gained 0.9 per cent to 26,664.40, while the broad-based S&P 500 climbed 0.7 per cent to 3,294.61.
Analysts credit aggressive monetary easing programmes by the Federal Reserve with boosting the market despite continued problems with the coronavirus that have begun to weigh on the recovery from the downturn. Many market watchers also expect Washington to produce additional funds to support the US economy after supplemental unemployment benefits expired, although leading lawmakers remain far apart on a package.
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