Posted on 02/08/21
| News Source: FOX Business
Both chambers of Congress on Friday adopted a resolution that would allow Democrats to use budget reconciliation rules to pass the plan with a simple majority rather than the 60 votes that are normally required. Biden, over the weekend, conceded that a $15 minimum wage likely wouldn't be included in the final bill.
Join BJL on WhatsApp Status: Click here to Join BJL status for engagements, births, deals, levayos, events & more
Join BJL on WhatsApp Groups: Click here to Join an official BJL WhatsApp group for breaking news as it happens
The Dow Jones Industrial rallied 236 points, or 0.76%, while the S&P 500 and the Nasdaq Composite gained 0.74% and 0.95%, respectively. The advance boosted all three of the major averages to record highs with the Dow and the S&P booking gains for a sixth straight day.
Disney rallied nearly 5% ahead of earnings on Thursday, while energy stocks rose as oil continued its climb. West Texas Intermediate crude oil climbed $1.12 to $57. per barrel, as Brent crude oil edged up $1.22 to $60.56 per barrel, the highest level in nearly a year. Read more at Fox Business