The S&P 500 has risen to new heights, just as the Dow Jones did the night before.
Wall Street rose further in trading on Thursday and ended with two new records in the leading stock indices.
The S&P 500 has risen to a new record after the Dow Jones closed an “all-time” on Wednesday. The last recording for the S&P500 is on February 16th, the infant show stats.
The tech-savvy Nasdaq Composite continued to make headway, but remained below its first high since February. Apple was up 1.65 percent and Tesla was up 4.7 percent.
Leading stock indices went like this:
- The Dow Jones industrial average is up 0.58 percent at 32,485.59 points
- The S&P 500 is up 1.04 percent at 3,939.33 points
- The Nasdaq Composite is up 2.52 percent at 13,398.67 points
U.S. President Joe Biden signed a $ 1,900 billion crisis package on Thursday night, equivalent to about $ 16,000 billion, which Congress knocked out Wednesday.
European and Asian stock markets rose the previous day.
The United States released inflation figures on Wednesday. In February alone, consumer prices rose 0.4 percent and year-on-year 1.7 percent. It drilled expectations of a major improvement in the inflation rate for the world’s largest economy, writes the Financial Times.
Biden signed the crisis package