US Indices closed at record high

Major US stock indices closed at record high yesterday with Russel 2000 leading the way when it closed more than 2% higher with Dow Jones, S&P 500 and Nasdaq all closing just below 1% gain. It seems that investors left fear from volatility created by Reddit investors behind and focus on more important things. First is good corporate earnings as 81% S&P 500 firms reported better than expected earnings and new stimulus package which is valued at $1,9 trillion dollars and since Democrats have majority, they dont need to cut deal with Republicans. Secretary of Treasury Janet Yellen also said that with economic outlook and stimulus package US employment can get to pre Covid level at the end of next year. (Wallace, Wall Street Journal)

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