Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

US stocks close higher on coronavirus vaccine hopes

Economies.com
2020-09-14 21:54PM UTC

US stock indices closed higher on Monday, lifted by news that indicate a near launch of safe Covid-19 vaccines.

 

US President Donald Trump expressed that if his Democratic rival Joe Biden wins the presidential election he will raise taxes by $4 trillion, while sources close to Biden confirmed that it would be $3.4 trillion.

 

The US Federal Reserve will start its monthly monetary policy meeting tomorrow, with strong bets for the Fed to keep the interest rate unchanged near zero.

 

To the oil market, WTI October futures at Nymex fell 0.2% or 9 cents, to close at $37.24 a barrel, after hitting a high of $37.6 and a low of $36.8.

 

Brent November futures fell 0.6% or 22 cents, to close at $39.61 a barrel, with a high of $40.09 and a low of $39.3.

 

As for stocks, Dow Jones rose 1.2% or 327 points to close at 27,993, after it hit a day high 28,086 and a low 27,718.

 

Nasdaq rose 1.8% or 203 points to 11,056, after it hit a high 11,118 and a low 10,982.

 

S&P 500 rose 1.3% or 42 points to 3,383, after it hit a high 3,403 and a low 3,363.

American Markets News

Americas News

Markets

Wall Street loses ground amid mounting tariff war
2025-07-11 15:29PM UTC
U.S. stock indices declined during Friday trading as the global trade war between the United States ...
Americas News

Markets

Wall Street maintains gains, NASDAQ marks another record close
2025-07-09 20:30PM UTC
US stock indices climbed during Wednesday’s session and held onto their gains following the ...
Americas News

Markets

Wall Street gains ground ahead of Fed's minutes
2025-07-09 15:20PM UTC
U.S. stock indexes rose at the start of trading on Wednesday as markets assessed developments in ...