Stocks close at record highs as traders bet that a fiscal stimulus deal is coming
Stocks closed at record levels on Thursday, boosted by hope of Washington coming through on additional fiscal aid before the end of 2020.
The S&P 500 gained 0.6% to end the day at 3,722.48, and the tech-heavy Nasdaq Composite advanced 0.8% to 12,764.75. The Dow Jones Industrial Average climbed 148.83 points, or 0.5%, to 30,303.37. Both the S&P 500 and Nasdaq hit intraday and closing records. The Dow posted its highest-ever closing level.
Real estate, materials and health care were the best-performing sectors in the S&P 500, rising more than 1% each. Johnson & Johnson rose 2.6% to lead the Dow higher.
Senate Majority Leader Mitch McConnell, R-Ky., said Thursday that a coronavirus relief deal was close at hand.
Reference: CNBC
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