Dow closes 230 pts higher as Biden denies need for lockdowns

Monday, 29. November 2021 22:00

Shares on the major stock market indices in the United States rallied at the close on Monday, with the Dow Jones Industrial Average soaring 236 points after US President Joe Biden stated lockdowns aren't likely to be needed to combat the spread of the coronavirus' Omicron strain.

In business news, Twitter confirmed that its co-founder and former Chief Executive Officer Jack Dorsey will be replaced by the social media giant's ex-Chief Technical Officer Parag Agrawal.

The Dow Jones surged 0.68%, or 236 points, at the close with Salesforce up by 4.41%. The Nasdaq 100 skyrocketed 2.33% as the session ended. The tech-heavy benchmark's top performer was Moderna, whose shares ballooned 11.3%. At the same time, the S&P 500 gained 1.32%.

The euro dropped 0.39% versus the dollar, selling for 1.12802 at 3:59 pm ET.

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Author:
Baha Breaking the News (BBN) / BU