Stocks move higher on Wall Street, continuing strong streak

SourceAssociated Press
SectorFinancial Markets
CountryMiddle east

Stocks are moving higher yet again on Monday, adding to a streak that gave the market its best weekly gain since November last week. Investors continue to be focused on company earnings and the higher prospects for more economic stimulus to combat the impact of the coronavirus. The S&P 500 was up 0.4% as of 3:21 p.m. Eastern Time.

The Dow Jones Industrial Average rose 157 points, or 0.5%, to 31,305 and the Nasdaq composite rose 0.6%. Small-company stocks continued to far outpace the rest of the market, a sign investors are feeling optimistic about the economy. The Russell 2000 index rose 2%. ADVERTISEMENTInvestors have been encouraged by surprisingly good corporate earnings reports, news that a recent surge in new coronavirus cases is easing, and progress in the distribution of vaccines.Impact on the Economy:– Pandemic brings influx of remote workers to Wyoming– Budget office: $15 wage would reduce poverty, increase debt– Yellen: Biden's plan could restore full employment by 2022“The resilience of the corporate sector has been resounding,” said Ross Mayfield, investment strategy analyst at Baird. “The path of least resistance is still higher.”President Biden and Congressional Democrats appear to be moving forward with their own version of a coronavirus ...read more...