[NEW YORK] Wall Street stocks rose early Monday, 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.
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