Investors in U.S. stocks can crack open the Champagne three days before New Year’s Eve.
That’s because today, a bellwether U.S. stock index hit an all-time high after President Donald Trump approved the Congress’s stimulus package.
The Dow Jones Industrial Average peaked at 30,525.56 before closing at 30,403.97. It’s a basket of 30 large-cap stocks.
The biggest winner of the bunch was Apple, which rose US$4.72 to close at US$136.69.
Apple shares are up 82 percent this year, coming within a whisker of its 85 percent market gain in 2019.
The Cupertino, Californiaâ€“based tech giant’s market cap has reached US$2.32 trillion, making it the most valuable publicly traded company.
Over the past week, its stock has risen sharply on a Reuters report that it will begin marketing an iCar in 2024.
Another big winner today was The Walt Disney Company. Its shares rose 2.95 percent to close at US$178.86.
This year, The Walt Disney Company shares have increased by 20.7 percent after suffering a drubbing during the spring due to the pandemic.