US stocks rose, closing the three major indexes near record levels amid optimism about passing a new stimulus package, and the tech sector rose 1.6% with support from Apple after a report showed it plans to increase iPhone production by 30% in the first half of 2021.
US House of Representatives Speaker Nancy Pelosi called on top congressional leaders to meet today in an effort to finalize a massive government spending deal and reach agreement on a new $ 1.4 trillion stimulus package.
The Dow Jones Industrial Average rose 1.14% to 30201.68 points, the Standard & Poor’s 500 Index rose 1.30% to 3694.77 points, and the Nasdaq Composite Index rose 1.25% to 12,595.06 points.
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