American stocks reached an all-time high amid stimulus package - Monday Review, February 8

American stocks reached an all-time high amid stimulus package - Monday Review, February 8

Tech sector drove most global markets higher

The US

All three major indices closed at all-time highs as investors are waiting for another fiscal stimulus. USA30 closed up 0.76%, and USA500 traded 0.74% higher. TECH100 jumped 0.95%.

Crude oil reached $57.54 per barrel after it went up 0.9%.

Gold went up 1.2% trading at $1,834.20 per ounce.

Asia and Australia

The positive US trend extended to the Asian markets, being boosted by the fact that Janet Yellen pushed for the stimulus package to be passed. Moreover, the COVID-19 number of infections showed some improvements. Japan225 jumped 2.15%.

HongKong45 gained 0.71%.

Down under, Australia200 edged up 0.13%.

Europe

Stocks traded higher, as optimism grows regarding an economic recovery, as vaccination continue to make progress. Also, Dialog Semiconductor being purchased by Renesas drove the corporate sector higher. Germany30 added 0.1%, while France40 gained 0.4%. UK100 climbed 0.3%.

Brent oil rose 0.9% to $60.12 a barrel.

EUR/USD settled at 1.2035 after it lost 0.1%.

Read here more about the deal between Dialog and Renesas!

Sources: reuters.com, investing.com

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