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S&P 500, Dow begin 2021 at all-time highs on economic rebound bets

S&P 500, Dow begin 2021 at all-time highs on economic rebound bets

FILE PHOTO: A Wall St. sign is seen near the New York Stock Exchange (NYSE) in the financial district in New York, U.S., November 24, 2020. REUTERS/Brendan McDermid

REUTERS: The S&P 500 and the Dow kicked off 2021 at record levels on Monday, building on a rally that has been powered by hopes of a vaccine-driven recovery in the global economy.

The Dow Jones Industrial Average rose 21.0 points, or 0.07per cent, at the open to 30627.47 and the S&P 500 rose 8.5 points, or 0.23per cent, at the open to 3764.61.

The Nasdaq Composite rose 70.2 points, or 0.54per cent, to 12958.522 at the opening bell.

(Reporting by Medha Singh in Bengaluru; Editing by Anil D'Silva)

Source: Reuters

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