New York Stock Market’s three major indexes at the same time update the highest… Strong confidence in economic recovery

Input 2021.02.09 06:51

The U.S. New York Stock Market again unfolded a new record march on the 8th (local time).

On that day, the Dow Jones 30 Industrial Average of the New York Stock Market closed at 31,385.76, up 237.52 points (0.76%) from the battlefield. The Standard & Poor’s (S&P) 500 index rose 28.76 points (0.74%) to 3915.59, while the technology stocks Nasdaq index rose 131.35 points (0.95%) to 1,3987.64.

All three indices rewritten all-time highs based on the closing price. The S&P 500 and Nasdaq are both flagging points for 3 consecutive trading days, and the Dow Index rose for 6 consecutive trading days, recording the longest increase since August of last year.
Russell 2000, a small-cap stock index, also surged 2.5% on the same day, setting a record high.

It is analyzed that the possibility of passing a large-scale additional fiscal stimulus package by the US Congress is the driving force behind the New York stock market rally.

The Senate and House of Representatives passed a resolution that allowed President Joe Biden to pass the $1.9 trillion-dollar relief bill pledged by a majority vote, allowing the Democratic Party to handle additional stimulus packages alone.

Treasury Secretary Janet Yellen appealed to Congress the day before to deal with additional stimulus bills, predicting that the U.S. could regain full employment by 2022.

Anticipation for normalization of economic activity following the supply of a novel coronavirus infection (Corona 19) vaccine and companies’ successive fourth quarter’earning surprise’ also supported the rise.

Oil refineries and airlines’ stock prices soared on the news that Brent Oil recovered its $60 per barrel level in more than a year and the Democratic Party is preparing for a $14 billion salary aid to the aviation industry.

ExxonMobil increased 4.3%, Delta increased 5.1%, and American Airlines increased 3.4%.

GameStop, which surged last month due to the’ant rebellion’, ended the deal at $60 per share, down 5.9%.