3/8/2021, 6:25 PM (Source: TeleTrader)
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Dow surges over 550 pts to reach new all-time high

The Dow Jones surged over 550 points on Monday to reach a new all-time high after the Senate passed the massive $1.9 trillion coronavirus stimulus bill over the weekend.

The relief bill is expected to secure final approval from the House of Representatives on Tuesday. Meanwhile, the Centers for Disease Control and Prevention (CDC) said earlier that it is now safe for fully vaccinated people to gather without masks or social distancing measures indoors.

The Dow was up 565 points to 32,061 at 12:29 pm ET. The Walt Disney Company, Cisco and Visa continued to lead the gains on the Dow. At the same time, the S&P 500 rose 0.83% but the Nasdaq 100 fell 0.80%.

Baha Breaking News (BBN) / JC