Major U.S. stock indexes surged to all-time highs Thursday as Wall Street bet that the Democratic sweep of Washington means more stimulus is on the way for the economy. The S&P 500 climbed by 1.5 percent to a record 3,803. The Dow Jones Industrial Average, Nasdaq composite and Russell 2000 index of smaller companies also notched new highs. The Russell 2000 picked up 38.96 points, or 1.9 percent, to 2,096.89. The rally was broad-based, though the S&P 500′s technology sector notched the biggest gain, recouping losses after a pullback a day earlier.

Source: The Standard January 07, 2021 22:52 UTC