Wall Street ends higher as Nasdaq, S&P hit new record highs

Monday, 10. February 2020 22:00

Stocks on the United States markets gained at the closing bell on Monday with the Nasdaq 100 and the S&P 500 reaching fresh all-time highs as the White House unveiled its $4.8 trillion budget plan for fiscal 2021. According to it, the budget deficit is expected to go down while the budget for defense remained unchanged.

Meanwhile, the Federal Reserve Bank (Fed) of Philadelphia Patrick Harker claimed that the US economy moves toward meeting a 2% inflation target while the Fed's San Francisco head Mary Daly said she would prefer it rising "a bit below target in today’s economic environment."

The Dow Jones closed the session climbing 0.60% with Microsoft soaring nearly 3%. At the same time, the Nasdaq 100 surged 1.23% to end the day with a new record high as Advanced Micro Devices rose over 5% while the S&P 500 jumped 0.73%, marking fresh all-time high as well. Nvidia Corp was the best performer, growing more than 4%.

The euro slipped 0.31% against the greenback to go for 1.09138 at 3:58 pm ET.

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Breaking the News / GA