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S&P 500 closes slightly higher as stimulus hopes lift cyclical stocks

  • 📰 Reuters
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  • Publisher: 97%

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The S&P 500 closed slightly higher as investors were optimistic that Washington will deliver a new round of stimulus to help the U.S. economy recover

Of the 11 major sectors in the S&P 500, seven ended the session in the black. Energy companies .SPNY rose 6.2%, the largest daily jump since June 5, as crude prices CLc1 climbed amid signs of rebounding demand. [O/R]

Coca-cola Co shares gained 2.3% after the beverage maker beat earnings estimates and said demand is improving. Advancing issues outnumbered declining ones on the NYSE by a 3.26-to-1 ratio; on Nasdaq, a 1.58-to-1 ratio favored advancers.

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Crypto like that.......

Just keep making up headlines of why the market goes up and down. Instead tell the truth. Central banks continue to poor trillions into a bloated pig. Feel better?

So now the market rises on hopes of social safety nets. Love it.

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