Dow rallies 600 points to a record high as investors cheer Senate stimulus approval

U.S. stocks climbed on Monday as investors cheered Senate approval of a new Covid stimulus package and piled into shares best-positioned to benefit from an economic comeback.

The S&P 500 rose 0.9%, led by strong gains in financials, industrials and materials. The Dow Jones Industrial Average gained 600 points to hit an intraday record high. The tech-heavy Nasdaq Composite traded 0.6% lower in volatile trading as investors continued to dump high-flying shares amid rising rates., paving the way for extensions to unemployment benefits, another round of stimulus checks and aid to state and local governments.

The stimulus news boosted stocks banking on a strong economic recovery. Meanwhile, the Centers for Disease Control and Prevention said Monday people who've been fully vaccinated against Covid-19

WallStreet 'advisers' and mass media: CNBC, Bloomberg have to be very proud for luring clueless retail 'investors' into the biggest StockMarket BUBBLE in history! This is what they are paid for by big corporations - turning retail investors into bagholders!

MarketRebels More like Dow rallies because of rotation.

Let the good times roll, for the bad will come here eventually, but for us long term investors, we will bare through any situation.

God.bless those rich dudes let's have a benefit concert for them

CC: Sen_JoeManchin

In two days, Market has given 5-6% return from bottom. Was it ever supposed to be annual or monthly return 😎😂 jimcramer your expertise as you said sell and sit with cash last week 😉

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