stock market today
S&P 500: 3,735.36,+32.30(+0.87%)
Dow 30: 30,403.97,+204.10(+0.68%)
Russell 2000: 1,998.14,-5.81(-0.29%)
Stock market news
“Stocks jumped on Monday to reach record levels after President Donald Trump signed a virus relief package following a multi-day delay.
The Dow rose 0.7%, or about 200 points, while the S&P 500 rose about 0.9% shortly after noon in New York. The Nasdaq rose 0.8%. Each of the three major indices hit record intraday and closing highs, adding to their year-to-date gains in the final week of 2020.
Trump gave approval to Congress’s bipartisan $900 billion stimulus package Sunday evening after objecting to the bill earlier last week. In approving the stimulus package, Trump also signed Congress’s $1.4 trillion omnibus bill providing funds for the government through the end of the fiscal year, averting a government shutdown.
The virus relief package included a more modest $600 payment that fell short of Trump’s demand to cut $2,000 checks to most Americans. Trump also called for lawmakers to cut items he considered “wasteful and unnecessary” in the bill.”
Stock market data: Yahoo Finance