US stocks keep gains, S&P 500 ends above 4,000 for first time ever

2021-04-01 22:04:41 GMT (Economies.com)
US stocks keep gains, S&P 500 ends above 4,000 for first time ever

US stock indices rose on Thursday, after the reveal of President Joe Biden's infrastructure spending plan, which helped S&P 500 to close above 4,000 points for the first time ever.

 

US President Joe Biden announced yesterday a $2 trillion infrastructure spending plan, to develop electricity grids and other facilities to boost the US economic recovery from the Covid-19 pandemic.

 

Data showed that the US unemployment claims rose to 719K during the past week, worse than forecasts of 678K. 

 

The US Department of Labor will reveal the monthly jobs on Friday, which shows the unemployment rate and wages in the country.

 

To the oil market, WTI crude April futures rose 3.9% or $2.29, and closed at $61.45 a barrel, after hitting a high of $61.4 and a low of $58.8.

 

Brent May futures rose 3.3% or $2.10, and closed at $64.84 a barrel, after hitting a high of $64.6 and a low of $62.3.

 

As for stocks, Dow Jones rose 0.5% or 171 points, and closed at 33,153, with a day high of 33,167, and a low of 32,985.

 

Nasdaq rose 1.7% or 233 points to 13,480, with a high of 13,487 and a low of 13,404.

 

S&P 500 rose 1.2% or 47 points to 4,019.8, after hitting a high of 4,020 and a low of 3,992.

 
 
 
  Symbol Last Change Chg.%
1.2061
0.0035
0.2890%
1.3879
-0.0074
0.5325%
Tadawul
10127.90
18.31
0.18%
26.108
0.317
1.227%
61.649
-1.529
2.420%
65.80
0.40
0.61%
1785.485
14.035
0.792%
 
 
US
 
Europe
 
Asia