The S&P 500 closed up for a sixth straight session in its longest streak of consecutive higher daily closes since a seven-day run from August 20 to August 28 last year. — Reuters picNEW YORK, Feb 9 ― Major US stock indexes registered all-time closing highs yesterday amid optimism over US fiscal stimulus, and bitcoin jumped after Tesla revealed it had purchased US$1.5 billion of the cryptocurrency and would soon accept it as a form of payment.
“Musk getting involved in Bitcoin, to those investing in Bitcoin, will be used as a way to tell others that this is a real asset, you can actually do something with it. They will support it as an argument of being the way of the future,” said Robert Pavlik, senior portfolio manager at Dakota Wealth Management.
Congress on Friday approved a budget outline that would allow a stimulus bill to muscle through in the coming weeks without Republican support. Oil prices rose 2 per cent to their highest in over a year, with Brent nudging past US$60 a barrel, boosted by supply cuts among key producers and hopes for US economic stimulus.