Wall St hits record high after Trump signs US fiscal aid bill

Wall St hits record high after Trump signs US fiscal aid bill

The S&P 1500 airlines index added 2.2% as carriers are set to receive $15 billion in addition payroll assistance under the new government aid.

Cruise operators Royal Caribbean Cruises Ltd, Carnival Corp and Norwegian Cruise Line Holdings Ltd also rose between 3.3% and 4.3%.

Trading volumes are expected to be thin in the final week of the year that has historically been a seasonally strong period for equities.

After a sharp recovery from a coronavirus crash in March, the S&P 500 is on track to rise more than 15% this year on the back of a loose monetary policy, high liquidity and a COVID-19 vaccine program.

READ MORE  Live: WA to relax border rules; Invasion Day rallies planned

Democrats in the US Congress on Monday will put to vote a proposal for higher pandemic relief payments for Americans, although it appears unlikely to gain traction in the Republican-controlled Senate.

Fuelling a global appetite for risk, Britain and European Union clinched a lean post-Brexit trade deal on Thursday, while the launch of a mass COVID-19 vaccination drive in Europe over the weekend added to the upbeat mood.

Reuters

Source link

Be the first to comment

Leave a Reply

Your email address will not be published.


*