Three Major U.S. Stock Indexes Hit New Highs

The United States is about to launch a new round of rescue plans, and accelerated vaccination will drive the economy to recover from the epidemic and drive market optimism. The US stock market closed higher on the 8th. Dow Jones, S&P, Nasdaq, etc. 3 The big index hit a new high.

According to comprehensive media reports, U.S. Treasury Secretary Yellen pointed out that if Congress passes a US$1.9 trillion bailout, the United States is expected to return to full employment next year. Otherwise, it may not be until 2025 that the unemployment rate will drop to 4%. Congressional Democrats are going through the “budget coordination process,” without Republican support, and are expected to pass the bill within two weeks.

Due to reduced supply and hopes of a rebound in demand driven by relief plans, oil prices rose to their highest level in more than a year, boosting energy stocks to jump 4.2%.

At the same time, vaccination is also being carried out in the United States. So far, at least 32.78 million doses have been vaccinated. On average, new diagnoses have shown a downward trend.

Bitcoin hit a record high. Tesla, a major electric car maker, previously stated that the company has purchased about $1.5 billion in Bitcoin and is expected to start accepting Bitcoin as a payment method for the purchase of its cars and other products soon. Tesla shares rose 1.3%, while cryptocurrency miners Riot Blockchain and Marathon Patent Group soared 40.2% and 42.4%, respectively.

Disney, Cisco and General Motors will all announce quarterly reports this week, and their stock prices have risen from 1.8% to 4.9%.

US stocks closed today, the Dow Jones Industrial Average rose 237.52 points, or 0.76%, to 31385.76 points.

The S&P 500 index rose 28.76 points, or 0.74%, to 3,915.59.

The Nasdaq Index rose 131.35 points, or 0.95%, to 13,987.64 points.

The Philadelphia Semiconductor Index rose 93.47 points, or 3.13%, to 3,078.48 points.

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