12/28/2020, 3:30 PM (Source: TeleTrader)
more TeleTrader news

Wall Street hits record high after Trump signs COVID relief

Shares on the major stock market indexes in the United States started the year's last trading week with record gains on Monday after US President Donald Trump signed the COVID-19 stimulus package which he has previously refused to ink over the amount set for direct payments to the US citizens. The Dow Jones Industrial Average, the Nasdaq 100, and the S&P 500 all started the trading session at all-time-high levels.

On the COVID front, Dr. Anthony Fauci warned that the holiday season and the gatherings that go hand-in-hand with this time of the year could aggravate the pandemic situation in the US.

The Dow Jones Industrial Average jumped 0.56% or 163 points as the sessions started as Apple surged 2.39%. The Nasdaq 100 opened the session 0.79% in the green with Tesla gaining 2.09% at 9:33 am ET. At the opening bell, the S&P 500 went up 0.71% as American Airlines soared 3.89% a minute into the session. The euro advanced 0.30% versus the dollar, selling for 1.22219 at 9:28 am ET.

Breaking the News / BU