S&P 500, Dow at all-time highs after robust economic data By Reuters – Investing.com


© Reuters. FILE PHOTO: A U.S. flag flies outside The Federal Reserve Bank of New York in New York By Medha Singh and Shivani Kumaresan (Reuters) - Wall Street's main indexes jumped more than 1% on Monday, with the and the Dow at record highs as investors cheered strong jobs and services sector reports which bolstered views that 2021 could see the best economic growth in nearly four decades. An ISM survey for March showed a measure of U.S.

services industry activity jumped to a record high. The data comes on the heels of Friday's report showing U.S. nonfarm payrolls surged by 916,000 jobs in March, well above 647,000 forecast by a Reuters poll of economists. "Investors are more focused on strong economic growth and how that potential leads to better earnings in the future," said Robert Pavlik, senior portfolio manager at Dakota Wealth in New York. With speedy vaccinations and additional government stimulus helping the S&P 500 and ...read more...