You are here: Home » News-CM » International » Market Report
Business Standard

US Stocks end marginal higher

Capital Market 

The US stock market closed slight higher on Tuesday, 12 January 2021, as stimulus and vaccine hopes slightly outweighed concerns over the political tensions in the U. S., and worries about rising coronavirus cases.

At the close of trade, the Dow Jones Industrial Average index added 60 points, or 0.19%, to 31,068.09. The S&P 500 index grew 1.58 points, or 0.04%, to 3,801.19. The tech-heavy Nasdaq Composite Index added 36.00 points, or 0.28%, to 13,072.43.

Hopes of a big boost to public spending and speedy rollout of vaccines under a Democratic-led U. S. Congress have pushed Wall Street to record highs, with growth-linked financial, industrial and energy stocks lifting the market higher.

On the political front, articles of impeachment against U.

S. President Donald Trump are under way in the House. Trump warned that it was dangerous to the United States for him to be impeached. He also claimed his inflammatory comments at a rally shortly before the outbreak of violence in the halls of Congress, which lead to four deaths, were not harmful. People thought what I said was totally appropriate," Trump told reporters when he was asked what his personal responsibility was for the violence. The riot happened after Trump and his family members urged supporters at a rally to fight with him to reverse Joe Biden's Electoral College win.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, January 13 2021. 09:36 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU