Shares in Europe and US hit Covid peaks on Biden stimulus hopes
by Larry Elliott from Economics | The Guardian on (#5F4F2)
Demand for US tech stocks pushes Dow above 32,000 while Stoxx 600 closes at highest in over a year
Share prices in the US and Europe have reached their highest levels since the start of the pandemic as optimism grows that Joe Biden's $1.9tn stimulus package can reflate a battered global economy without triggering a surge in inflation.
Demand for US tech stocks sent the Dow Jones Industrial Average above the 32,000 level for a brief period while the Stoxx 600, a key index of European shares, closed at its highest level since late February last year.
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