Dow, S&P 500 close at record highs as stimulus-fueled optimism continues

Dow, S&P 500 close at record highs as stimulus-fueled optimism continues

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Dow, S&P 500 close at record highs as stimulus-fueled optimism continues
Traders are working on the floor at the opening clock of the Dow Industrial Average on the New York Stock Exchange on March 18, 2020 in New York.

Bryan R. Smith / AFP / Getty Images

  • U.S. stocks peaked at the end of the Dow, while investors reached a record high when investors cheered on the stimulus bill.
  • One strategist says retail investors can buy a record $ 3 billion worth of shares if they receive stimulus checks.
  • Airline shares acquired after the TSA have revealed that air travel has risen to its highest level in almost a year.
  • Sign up here for our daily newsletter, 10 things before the opening clock.

U.S. stocks peaked at the end of the Dow, reaching a record high, as investors remained optimistic about economic growth after President Biden signed the $ 1.9 billion stimulus program last week.

Small investors can buy a record $ 3 billion worth of shares in a single day if they receive their $ 1,400 stimulus checks from the US government, according to Viraj Patel, global macro strategist at Vanda Research. This could happen as early as Wednesday or Thursday, when most Americans will deposit $ 1,400 into their bank accounts.

Here’s where US indices closed after 4pm on Monday:

Shares of major airlines, including American Airlines, United, Delta and Southwest, rose on Monday over optimism of travel resistance in sight after the Transportation Security Administration revealed that air travel had risen to its highest level in almost a year has.

AMC shares rose 29%, raising this year’s amazing run higher as the film chain begins with the reopening of theaters in California.

Penn National Gaming rose to a high of $ 142 per share on Monday, while investors rose to the S&P 500 next week. The stakeholder of Barstool Sports has risen by almost 3,000% in the past year.

Short sellers have tripled the clumsy bets against SPACs to $ 2.7 billion, from $ 724 million at the beginning of 2021, according to data from S3 Partners amid fears that the white frenzy has gone too far.

Bitcoin fell back to around $ 56,500 on Monday after rising to above $ 61,000 over the weekend. According to a report, India can fine anyone in the country for even owning such digital assets.

Oil prices have fallen. West Texas Intermediate crude fell 0.38% to $ 65.36 a barrel. Brent crude, the international benchmark for oil, fell 0.5% to $ 68.88 a barrel.

Gold jumped 0.6% to $ 1,730.30 per ounce.

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