Stock market today February 8, 2021
February 8, 2021
Stock market today
S&P 500: 3,915.59,+28.76(+0.74%)
Dow 30: 31,385.76,+237.52(+0.76%)
Russell 2000: 2,289.76,+56.43(+2.53%)
Stock market news
“Stocks rose on Monday, extending advances after stocks’ best week since November last week.
The Dow added more than 200 points, or about 0.8%, to a fresh record high, and both the S&P 500 and Nasdaq also reached record intraday levels. The S&P 500’s six-day winning streak marked its longest since August, and the Dow posted its best start to a February since 1931 with a rise of 4.7% so far for the month. Bitcoin prices spiked more than 12% to a record high of more than $43,000 after Tesla disclosed it purchased $1.5 billion of the cryptocurrency and may start allowing customers to use Bitcoin to purchase products.
Investor optimism over another round of fiscal stimulus out of Washington helped boost U.S. equities over the past week. A disappointing monthly jobs report last week bolstered the case for additional support to households and businesses, according to lawmakers including President Joe Biden. And Treasury Secretary Janet Yellen told CBS on Sunday the U.S. could return to full employment by 2022 – or two to three years ahead of some current projections – if measures in Biden’s $1.9 trillion coronavirus relief plan were enacted.”
Stock market data: Yahoo Finance