Nasdaq, S&P close on record highs as House passes budget bill

Freitag, 05. Februar 2021 22:01

Major American stock markets traded higher on Friday with Nasdaq 100 and S&P 500 hitting all-time high records after the United States House of Representatives announced the passing of a budget bill that will pave the way for the $1.9 trillion relief package. US President Joe Biden spoke on the state of the economy, outlining the plan for recovery after the coronavirus crisis, marking vaccination roll-out as number one priority.

The Dow Jones gained 0.30% as Nike Inc rose by 3.19%, while the S&P 500 was up 0.39% having Activision Blizzard jump 9.64%. The Nasdaq 100 grew 0.32% led by Seagen soaring 15.23%.

The euro grew 0.7% against the dollar selling for $1.20492 at 3:59 pm ET.

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Breaking the News / LH