.New York, NY, USA
Asian stock markets earlier closed mostly higher. (Representative Image/Unsplash)

  • In Europe, London's FTSE 100 gained as a weaker pound
  • The Dow and S&P 500 managed to edge to new records for the second day
  • Traders are watching how President Biden's $1.9 trillion relief bill will impact the economy

.New York, NY, USA
The recently approved stimulus package in the US made it a crucial week for financial markets around the world (Photo Credit: Representational Image/Unsplash)

  • Britain's FTSE climbed up 100 points showing signs of a recovering financial position
  • Nasdaq, consisting of tech-based equities, experienced a steep drop of 1.3%
  • After effects of the Brexit were seen in the British markets

.Houston, TX, USA
The power outage in Texas has claimed dozens of lives (Photo Credit: Representational Image/ Unsplash)

  • The CEO was fired on the same day the US Congress launched an investigation into the grid's failures
  • S&P Global Ratings has warned against slashing down the ratings in regards to debts
  • Brazos Electric Power Cooperative, the largest electric company in Texas, filed for bankruptcy

.New York, NY, USA
Wall Street is breaking records. (Photo Credit: Representative Image/Unsplash)

  • All three major indices finished at all-time highs, with the S&P 500 gaining 0.5% to finish at 3,934.83
  • The Dow Jones Industrial Average edged up 0.1% to 31,458.40
  • Nasdaq Composite Index also won 0.5% to 14,095.47

.New York, NY, USA
Major US indices expect Dow Jones declined (Photo Credit: Representational Image/ Unsplash)

  • The blue-chip Dow index edged to a fresh record
  • S&P 500 fell by 0.1% and closed at 3,909.88
  • Nasdaq took a major hit of 0.3% and closed at 13,972.53 

.New York, NY, USA
Wall Street stocks were steady early Tuesday, holding most gains from a recent rally fed by hopes for fiscal stimulus. (Photo Credit: Unsplash)

  • The broad-based S&P 500 slipped 0.2% to 3,908.90
  • The Dow Jones Industrial Average was down 0.3% at 31,292.29
  • Among individual companies, Electronic Arts gained 0.7%