Nasdaq closes record with investors looking towards deals and stimulus

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Traders trade on the New York Stock Exchange on May 28, 2020. Photo: Lucas Jackson – Reuters.

(Reuters) – The Nasdaq index jumped to an unprecedented high at the close on Monday, as a recovery in billions of dollars worth of deals activity, including Microsoft’s pursuit of Tic Tok activities in the United States, boosted sentiment, as well as resumed efforts to reach Agreement on an aid package related to the Coronavirus.

The Dow Jones industrial average rose 0.89 percent to 26,664.4 points, the Standard & Poor’s 500 index closed up 0.72 percent to 3,294.61 points, and the Nasdaq Composite Index increased 1.47 percent To 10,902.80 points, surpassing its previous record high at the close on July 20.

Prepared by Mahmoud Salama for the Arabic Bulletin





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