US markets close higher on recovery hopes

Thursday, 04. February 2021 22:01

Shares on Wall Street closed with gains on Thursday amidst positive feedback from government officials regarding economic recovery from the coronavirus crisis. Federal Reserve's Raphael Bostic confirmed that the United States economy is set to strengthen by between 5% and 6% this year. White House has also expressed high hopes for the stimulus bill to be approved soon.

The Dow Jones gained 1.08% with Visa Inc rising 3.92%. The S&P 500 was up 1.09% and the Nasdaq 100 grew 1.18%, both led by Align Technology soaring 12.63%.

The euro remained flat against the dollar exchanging hands for $1.19671 at 4:03 pm ET.

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Breaking the News / LH