Thursday, 07 Jan 2021 07:00 AM MYT
The gains followed results from yesterday’s runoff elections in Georgia that by late in the day gave Democrats control of the US Senate. The Dow and S&P 500 ended up and the Nasdaq finished lower. Technology shares fell amid concern over increased regulatory scrutiny of technology mega-caps under Democratic control.
The Dow Jones Industrial Average rose 437.8 points, or 1.44 per cent, to 30,829.4, the S&P 500 gained 21.28 points, or 0.57 per cent, to 3,748.14 and the Nasdaq Composite dropped 78.17 points, or 0.61 per cent, to 12,740.79.
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