• SMC open account icon Open an A/C
    • Open an A/C
    • Trading A/c
    • Mutual Fund A/c
    • NBFC A/c
    • NPS A/c

Budget News

  • US Stocks eke out gains to close at a record
  • January 22,2021  08:40
  • The US stocks were mixed on Thursday, 21 January 2021, with major indices- S&P 500 index and the technology-heavy Nasdaq Composite managed to eke out a gain to close at a record on anticipation that more fiscal spending will revive economic growth and bolster corporate earnings. However, market gains were capped amid some uncertainty about the near-term outlook for the markets following the run to record highs.

    At the close of trade, the Dow Jones Industrial Average index fell 12.37 points, or 0.04%, to 31,176.01. The S&P 500 index added 1.22 points, or 0.03%, to 3,853.07. The tech-heavy Nasdaq Composite Index rose 73.67 points, or 0.55%, to 13,530.92.

    U.S. equity markets hovered around record highs as traders expressed some uncertainty about the near-term outlook for the markets following the run to record highs. Meanwhile, prospects of greater fiscal aid under new President Joe Biden to tackle the economic damage from the COVID-19 pandemic and better strategies under Biden for vaccinating Americans at a more rapid clip helped to prop up the markets.

    Biden has revealed new details of his plan to tackle the pandemic, which includes providing more state and local funding to accelerate the vaccine rollout and using the Defense Production Act to increase production of personal protective equipment.

    Investors also remain focused on the 46th president's proposed $1.9 trillion pandemic relief package, a day after he took office. It is unclear that he will be able to get his bill through Congress in its current form without amendments.

    ECONOMIC NEWS: The Labor Department released a report showing initial jobless claims fell to 900,000 in the week ended January 16th, a decrease of 26,000 from the previous week's revised level of 926,000.

    Powered by Capital Market - Live News

Top News
Economy News

Follow us:

  • fb icon
  • Twitter icon
  • Linkedin
  • you tube

Disclaimer: Investment in securities and commodities market are subject to market risks, read all the related documents carefully before investing. SMC Global Securities Ltd. (CIN : U67120DL1997PLC188881): NSE INB/ INF/INE 230771431, BSE INB/INF 011343937, MSEI INB/INF 260771432, CDSL/NSDL-IN-DP-130-2015, SMC Research Analyst Registration- INH 100001849 I SMC Global Securities Ltd.: NCDEX/MCX (8200)/ NMCE/ICEX-INZ000035839 I SMC Global Securities Ltd.: PMS INP000003435 I SMC Insurance Brokers Pvt. Ltd., IRDAI Regi: No: DB 272/04, License No. 289 Valid from 28-01-2020 to 27-01-2023 I Registered Office: 11/6B, Shanti Chamber, Pusa Road, New Delhi-110005, Tel.: (011) 30111000. For any complaints email –, website:

Insurance is the subject matter of solicitation • All insurance products sold through SMC Insurance Brokers Pvt. Ltd. • Investment Banking Services provided by SMC Capitals Ltd. • Equity PMS and Wealth management services provided by SMC Global Securities Ltd. • IPOs and Mutual Funds distribution services are provided by SMC Global Securities Ltd. • Financing Services provided by Moneywise Financial Services Pvt Ltd. • Commodity broking services provided by SMC Global Securities Ltd. • Real Estate Advisory services are offered through SMC Real Estate Advisors Pvt. Ltd.


Toll-free : 1800-11-0909

Plus Minus 
Copyright ©2016 SMC. All Rights Reserved | Disclaimer | Privacy Policy | RMS Policy | Copyright| Testimonials| Sitemap| Grievance| design agency: triverse| Powered by C-MOTS Infotech (ISO 9001:2015 certified)
Open An Account

Open my trading account now!  X 

* All fields are compulsory