US stocks rise to new highs

US stocks rise to new highs

The three major indices of US stocks rose today to exceed the Dow Jones Industrial Average 36000 points for the first time ever in daily trading, supported by gains in energy companies and Tesla shares. The Federal Reserve is expected to approve plans on Wednesday to scale back its $120 billion monthly bond-buying program to support the economy, and investors are awaiting any comments on when to raise interest rates.

The Dow Jones Industrial Average rose 93.69 points, or 0.26%, to 35,913.25 points, and the Standard & Poor's 500 Index rose 8.31 points, or 0.18%, to 4,613.69 points, and the Nasdaq Composite rose 96.21 points, or 0.62%, to 15,594.59 points.