US Stocks Jump With S&P 500 Topping 4,000-Mark as Manufacturing Hits Record, Biden Unveils $2.25 Trillion Stimulus Program

Thursday, April 1, 2021 12:15 PM | MT Newswires

US stocks rose led by technology and S&P 500 surpassed the 4,000-mark for the first time ever as factory growth surged to the highest level in almost four decades in March and after President Joe Biden unveiled a $2.25 trillion spending program.

The Dow Jones Industrial Average jumped by 158.33 points, or 0.5%, to 33,139.88. S&P 500 climbed by 1% to 4,010.72 and Nasdaq was higher by 1.5% to 13,445.55. Consumer services and consumer discretionary were among the biggest gainers after midday on Thursday, the last trading day of the week as April 2 is a markets holiday for Good Friday.

The US 10-year yield slumped by 6.9 basis points to 1.68%.

The dollar index declined by 0.3% to 92.94 and gold jumped by $14.5 per troy ounce to $1,730.1.

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