Quite another promising day for stock markets

Updated time: 24 Jan, 2022, 14:33 (UTC+04:00)

Marker news

Quite another promising day for stock markets when House Democrats passed the $1 trillion bipartisan infrastructure bill to improve the nation’s critical infrastructure, not to mention another ambitious $1.75 trillion “human infrastructure’ package that may be passed by Thanksgiving. Major U.S Indexes benefitted from these announcements, resulting in a close at records high:

#S&P 500 climbed 0.09%, #Dow Jones 0.29% and #Nasdaq 0.07%, alternatively.
For #materials, investors expect an increase as a result of rising commodity prices.
#Energy was boosted by Saudi Arabia’s #oil’s selling price hike for exports to Asia.
Tech stocks: NVIDIA (climbed 3%) and Advanced Micro Devices (climbed 10%) benefitted from the upcoming collaboration with #Meta (formerly known as Facebook) Airline and Automobile stocks also marked a good rise.
#Consumer discretionary stocks were dragged into red after Elon Musk opened votes on Twitter whether he should sell 10% of his stocks. Unfortunately, 58% responded “Yes”.
#Cryptocurrency-related stocks were underpinned by a surge in #bitcoin and #ethereum.

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