More records for stock indexes as stimulus bill becomes law

Friday, March 12, 2021, Vol. 45, No. 11
The Associated Press

Broad gains in stocks pushed several major indexes to all-time highs on Wall Street.

The S&P 500, the Dow Jones Industrial Average and a measure of small-company stocks all closed at record levels on Thursday. The S&P 500 added 1%.

The tech-heavy Nasdaq rose 2.5%, but remains below the record high it set last month. The gains came as President Joe Biden signed a huge economic relief bill into law.

Crude oil prices rose more than 2%, and Coupang, the Amazon of South Korea, soared in its debut on the New York Stock Exchange.

Bond yields fell.