US stocks open higher, extending rally | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 86%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

NEW YORK, Feb 8 — Wall Street stocks rose early today, extending last week’s rally on optimism about additional US stimulus spending and coronavirus vaccines. Investors are betting that President Joe Biden will succeed in enacting most of aspects of his US$1.9 trillion (RM7.7 trillion) fiscal...

A Wall Street sign is pictured in the rain outside the New York Stock Exchange in New York June 9, 2014. — Reuters pic

NEW YORK, Feb 8 — Wall Street stocks rose early today, extending last week’s rally on optimism about additional US stimulus spending and coronavirus vaccines. Investors are betting that President Joe Biden will succeed in enacting most of aspects of his US$1.9 trillion fiscal relief package, analysts said.

Over the weekend, Treasury Secretary Janet Yellen predicted the United States would get back to full employment next year if the package is enacted, and warned that hiring would lag if Congress does not come through.The broad-based S&P 500 gained 0.4 per cent to 3,902.89, while the tech-rich Nasdaq Composite Index advanced 0.5 per cent to 13,919.47.

Major indices rose to all-time records last week as Biden’s plan advanced in Congress while Johnson & Johnson’s Covid-19 vaccine moved closer to approval.This week’s calendar includes earnings reports from General Motors and Disney and the latest consumer price index data. — AFP

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines