Tuesday 9 February 2021: A fresh round of record closing highs for the benchmark US equity indices

9 feb 2021 · 4 min. 16 sec.

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A fresh round of record closing highs for the benchmark US equity indices as stimulus prospects and ongoing vaccine deployment continued to boost investor optimism around the pace of the...

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A fresh round of record closing highs for the benchmark US equity indices as stimulus prospects and ongoing vaccine deployment continued to boost investor optimism around the pace of the economic recovery from the COVID-19 recession - Dow +238-points or +0.76% to 31,385.76. The broader S&P500 rose +0.35% to 3,915.59, with the Energy sector rallying +4.17% and leading ten of the eleven primary sectors higher. Utilities (down -0.78%) was the only sector to close in the red. Airline stocks jumped as documents showed Democrats’ stimulus proposal could include US$14B for the airline payroll assistance. American Airlines Group Inc popped +3.37%, while United Airlines Holdings +5.2% and Delta Air Lines Inc +5.1%. Both the Dow and S&P500 logged their sixth consecutive session of gains, marking their longest winning streak since August last year. The Nasdaq gained +0.95% to 13,987.64 The small capitalisation Russell 2000 index rallied +2.53% to 2,286.62and is up ~16% calendar year-to-date.

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