17th Dec. - The S&P 500 index soared on trading day yesterday as most investors eagerly awaited the latest developments in the economic stimulus package to be announced by the White House administration.
The S&P 500 jumped around 6.55 points or 0.2% to 3701.17. The situation is slightly different on the Dow Jones Industrial Average (DJIA) index where it dropped slightly from a few days ago to 30154.54. The US 30 decline occurred by 44.77 points or about 0.1%.
The U.S. government plans to inject a total of $ 900 billion dollars into the market in order to stimulate economic growth more aggressively. Expectations of this injection of funds increase sentiment towards investors on the possibility of economic recovery in the near future as well as increase investment into the market and cause some indices such as S&P 500 to continue to show positive improvement.
Overall, the S&P 500 has increased by 15% this year, although slightly affected by the Covid-19 pandemic that has hit the globe since early 2020.
AHMAD FAIZUDDIN BIN RAZALI
CHIEF ANALYST OF CDG GLOBAL
S&P 500 INDEX CONTINUES TO INCREASE, INVESTORS AWAIT FOR ANNOUNCEMENT OF STIMULUS PACKAGE BY UNITED GOVERNMENT
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