Dow up 400 pts on reports of Biden's Treasury pick

Montag, 23. November 2020 21:12

Wall Street extended gains on Monday close to the end of the session following the reports that former United States Federal Reserve Chair Janet Yellen has the highest chance to become treasury secretary in President-elect Joe Biden's administration.

Fed Richmond President Thomas Barkin previously estimated that there is still room for a targeted stimulus package that would support American households amid the coronavirus crisis.

The Dow Jones jumped 1.31% or 383 points at 3:13 pm ET, while the Nasdaq 100 rose 0.25%. The S&P 500 climbed 0.76% a minute later. Meanwhile, the euro lost 0.10% to sell for $1.18463.

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