Market benchmarks in
“The sound of more stimulus, which tends to raise all boats, was music to the market’s ears,” said
The Shanghai Composite Index rose 0.6% to 3,527.15 while the
The Kospi in
Silver declined after jumping at one point to its highest level in eight years. Silver for March delivery shed
Last week, messages on the Reddit forum WallStreet Bets and other places on social media encouraged small investors to buy silver. It shot up Monday, but many online investors said it wasn’t them bidding up the price.
Smaller traders are learning "the silver market is much bigger than some of the small cap stocks they have been trading,” said
On Monday, the S&P 500 index gained to 3,773.86. The Dow Jones Industrial Average rose 0.8% to 30,211.91. The Nasdaq composite climbed 2.5% to 13,403.39.
Tech stocks led the way higher. Communication stocks and a variety of companies that rely on direct consumer spending such as Starbucks and AutoZone also helped lift the market.
Hopes for economic aid, along with the Federal Reserve’s pledge to keep low-cost credit plentiful, have carried the S&P 500 and other major indexes to record highs.
Investors bid up stocks heading into 2021 in expectation the rollout of coronavirus vaccines would allow global business and travel to return to normal. That optimism has been dented by infection spikes and disruptions in vaccine deliveries.
In energy markets, benchmark
The dollar edged up to