Wed, 11 Aug 2021

Dow Jones jumps 163 points to new all-time high

Lola Evans
11 Aug 2021, 06:12 GMT+10

NEW YORK, New York - It was another exhilarating day on Wall Street on Tuesday as records again were shattered.

New record closing highs were recorded for the Dow Jones and the benchmark Standard and Poor's 500.

All the more remarkable as the country and indeed the world is in the midst of a pandemic.

Of note, on Tuesday the U.S. Senate passed a long-anticipated bipartisan $1 trillion infrastructure package.

Energy stocks made a comeback however shares in technology companies declined.

The Dow Jones industrials did best of all, rising 162.82 points or 0.46 percent to 35,264.67, a new record.

The Standard and Poor's 500 inched up 4.40 points or 0.10 percent to 4,436.75, also a new record.

The Nasdaq Composite retreated 72.09 poi nts or 0.49 percent to close Tuesday at 14,788.09.

Major currencies buckled after holding steady in Asia, however, the commodity bloc cruised higher. The euro approaching the New York close Tuesday had slumped to 1.1718. The British pound slid to 1.3835. The Japanese yen was weaker at 110.57. The Swiss franc eased to 0.9229.

The Canadian dollar edged up to 1.2528. The Australian dollar was slightly higher at 0.7348. The New Zealand dollar regained the 0.70 cents mantle to last trade at 0.7007.

Global markets also rose Tuesday, although the gains were fairly modest, except perhaps in Hong Kong where the Hang Seng made a solid advance.

In London, the FTSE 100 added 0.40 percent. The German Dax rose 0.11 percent. The Paris-based CAC 40 climbed 0.10 percent.

On Asian markets, the Nikkei 225 in Japan traded for the first time since Friday, adding 68.11 points or 0.24 percent to 27,888.15.

China's Shanghai Composite climbed 35.30 points or 1.01 percent to 3,529.93.

The Australian All Ordinaries strengthened by 26.10 points or 0.33 percent to 7,830.40.

The Hang Seng in Hong Kong did best of all, advancing 322.22 points or 1.23 percent to close at 26,605.62.

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