New fiscal stimulus Bill hopes make S&P 500 jump to record high

By Shriya Ramakrishnan and Medha Singh (Reuters) - The S&P 500 jumped to an all-time high on Friday as data showing the slowest jobs growth in six months reinforced expectations for a new fiscal stimulus bill to help revive the economy from its worst downturn in decades.

Ten of the 11 major S&P indexes traded higher, with the energy sector leading gains, followed by financials and the materials sector. Oil majors Occidental Petroleum Corp and Chevron Corp climbed about 1% each, boosted by a rise in crude prices, as major producers.....

This article is no longer available in our repository.

There could be multiple reasons for this.