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S&P, Nasdaq at record highs as stimulus bets offset higher jobless claims

The Dow Jones Industrial Average rose 61.46 points, or 0.20 per cent

markets, stocks, stock market, coronavirus

The S&P 500 opened higher by 12.48 points, or 0.34 per cent | Source: Shutterstock

The S&P 500 and the Nasdaq hit record highs on Thursday on increased optimism over a coronavirus stimulus bill, even as an unexpected rise in weekly jobless claims pointed to further economic stress from the Covid-19 pandemic.
Technology stocks were among the best performing S&P sectors, with utilities and materials shares, primed to benefit from more stimulus, also making large gains.
Negotiations were underway in Congress late on Wednesday over the details of a $900 billion aid bill, with top Democrats and Republicans sounding more positive than they have in months on a fresh response to a crisis that has

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First Published: Dec 17 2020 | 8:14 PM IST

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