1/28, 10:00 PM (Source: TeleTrader)
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Wall Street jumps at close as Dow soars 300 points

Major stock markets in the United States closed deep in the green on Thursday as significant volatility of certain companies' shares stood in the focus of investors. To address the issue, the Senate Banking Committee revealed it would hold hearings on "the current state of the stock market," which prompted shares of GameStop and several others to make significant movements in recent days.

On the stimulus front, the White House insisted earlier in the day that the Biden administration doesn't want to split the proposed $1.9 trillion relief package, but pass it on a bipartisan basis as a whole instead. The US has also detected the first cases of coronavirus strain originating from South Africa among two travelers.

The Dow Jones soared 0.99% or 300 points at the closing bell, as Walt Disney climbed 5.43%. The Nasdaq 100 jumped 0.68%, with Booking Holdings surging 7.85%. The S&P 500 rose 0.97%. L Brands was the top performer, advancing 10.23%. The euro stood flat against the dollar to trade for 1.21252.

Breaking the News / ND