Biden Signs Bailout Early U.S. Stocks Break Record
US stocks Dow Jones hit a new high, TSMC’s ADR rose close to 6%…
US stocks rose sharply. The Dow Jones Industrial Average rose by 188.57 points, or 0.58%, to close at 32,485.59 points. The Standard & Poor’s 500 index rose 40.53 points, or 1.04%, to close at 3,939.34 points. The Nasdaq Composite Index, which is dominated by technology stocks, rose 329.84 points, or 2.52%, to close at 13,398.67 points. The S&P 500 index followed the Dow Jones Index to a new record high, and TSMC’s American Depositary Receipts (ADR) rose nearly 6%.
Apple (Apple) negotiated with brand car manufacturers to build Apple Cars and encountered bottlenecks. Foreign power named Hon Hai Group and Canadian auto parts manufacturer Magna Group, the most opportunity to cooperate with Apple.
Yesterday, the New York Stock Exchange ended the trading day with new highs and lows, with technology stocks leading the trend and President Biden’s final signing of the $ 1.9 trillion US aid program encouraging investors: NASDAQ climbed 2.5%, Dow Jones – 0.6% and the S&P 500 added 1%. The last two ended in new highs. Facebook rose 3.4%, Microsoft 2%, Alphabet 3.2% and Apple 1.7%. Tesla added 4.7%. 10.9% after the reports.
As part of the aid package signed by Biden, most Americans will receive a $ 1,400 payment. Billions of dollars will also be transferred to schools, governments and local authorities and businesses affected by the closure that began a year ago. The signing of the aid package as well as the progress of the US vaccination campaign have helped alleviate some of the uncertainty that has prevailed in the markets in recent weeks.
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Biden Signs Bailout Early U.S. Stocks Break Record - /10