Mubasher: US stock indices rose at the close of trading on Thursday, to hit “Dow Jones” the highest level in a month, with hopes of adopting stimulus measures to support the economy.
Airline stocks led the gains in Wall Street, with United Airlines and Delta Airlines gaining more than 1 percent each.
President Donald Trump said the administration and the Democrats have started some very productive talks about stimulus.
Trump’s comments came after he urged lawmakers to press ahead with helping airlines due to the coronavirus.
But House Speaker Nancy Pelosi said that no separate bill to provide aid to airlines would not be passed without a comprehensive stimulus package.
Economic data revealed on Decline in jobless claims In the United States for the second week in a row.
At the close, the Dow Jones Industrial Average rose 0.4 percent to 28,425.5 points, the highest level since September 2.
The “Standard & Poor’s” rose by 0.8 percent to 3446.8 points, and the technology index “Nasdaq” rose by 0.5 percent to record 11,420 points.
By 8:05 PM GMT, the main dollar index that tracks the currency’s performance was flat against 6 major currencies at 93.59.
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