Wall Street rolls higher as bitcoin bounces above $82,000

New York – U.S. stocks are rising Monday and adding to the gains made during their best week of the year.

The S&P 500 was up 0.3% in early trading, coming off a 4.7% spurt last week spurred by Donald Trump’s presidential victory and a cut to interest rates by the Federal Reserve to bolster the economy. The Dow Jones Industrial Average was up 338 points, or 0.8%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 0.3% higher.

Tesla was the strongest single force pushing the S&P 500 higher after rising 8.4%. Its leader, Elon Musk, has become a close ally of Trump’s, and its stock jumped nearly 15% the day after the election and has kept rising.

Source link

Visited 3 times, 1 visit(s) today

Leave a Reply

Your email address will not be published. Required fields are marked *