+19 C°
Traffic jam:   0

U.S. stock indices up 0.2-1%

11 January 2021
2 min.
U.S. stock indices up 0.2-1%

Indices hit record highs

US stock indices jumped to record highs in trading on Friday, ending the first working week of 2021 on the plus side. Investors all but ignored the political tensions in Washington in recent days, focusing on the prospect of more stimulus from President-elect Joe Biden's administration, Dow Jones said.

Lombard Odier chief investment officer Stephane Monier said: "We believe this is a good time for the stock market from a policy perspective. The administration of the new US president will be different from the previous one through stable policies rather than unpredictable ones, and a focus on international cooperation instead of isolation".

The incumbent US President Donald Trump, after Congress approved Joe Biden's victory, said he would ensure an orderly transition of power on the new president's inauguration day on 20 January 2021.

The weak US labor market report released on Friday also had little impact on investor sentiment. According to the US Department of Labor, the number of jobs in the US economy fell by 140,000 in December, the first decline since April 2020, when the economy lost a record 20.787 million jobs.

The Dow Jones Industrial Average index rose 56.84 points (0.18%) to 3,097.97 by market close on Friday.

The Standard Poor's 500 rose 20.89 points (0.55%) to 3,824.68 points.

The Nasdaq Composite added 134.5 points (1.03%) to 13201.98.

For the week Dow Jones Industrial Average gained 1.6%, S&P 500 gained 1.8% and Nasdaq Composite gained 2.4%.

Tesla (NASDAQ:TSLA) Inc. gained 7.8% in trading.

Micron Technology shares were down 2.1% in trading. Adjusted second-quarter earnings will be $0.68-0.82 per share on revenue of $5.6-6 billion, the company expects.

Boeing Co (NYSE:BA). shares were down 1.3%. The day before it became known that Boeing will pay $2.5 billion to settle claims of the U.S. Department of Justice concerning the situation around the 737 MAX aircraft, whose flights were suspended for almost two years after two plane crashes.

Persons3 and Companies9 in the news

Chief Investment Officer of Lombard Odier & Co
1 place
46th President of the United States
2 place
45th President of the United States
3 place
2 place
4 place
Dow Jones
5 place
7 place


Rating companies
78 Mention
78 Mention
76 Mention
67 Mention
Dow Jones
62 Mention
52 Mention
43 Mention


News from GlobalNY.biz is the freshest and most relevant information about high-profile events in the region. The task of the resource's news feed is to convey to readers with maximum accuracy and objectivity information about important events in business, politics, economy, healthcare, culture and other spheres of life in New York.
GlobalNY.biz news is a coverage of economic processes taking place in New York, the latest news of public life, incidents and an overview of political events. New York news is information about the activities of small and medium-sized businesses, the work of housing and communal services and utilities, the implementation of significant projects.
The site's journalists describe not only the life of the region, but also talk about the current state of the US economy. Everything you need to know about innovations in the field of industry and agriculture, economy and power is collected in the "News" section at GlobalNY.biz.
New York news quickly informs the reader, shows the real picture and opens up hot topics. Communication with government structures and business enables us to provide our readers with reliable, information-rich material. The main page of the portal contains the key news of New York!
Alena Potapova

Development Director