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Wall Street at fresh highs

Key market futures are pointing to another buoyant day after Wall Street reached fresh record highs.
Wall Street at fresh highs Wall Street at fresh highs Wall Street at fresh highs Wall Street at fresh highs Wall Street at fresh highs

Image: Unsplash/Alec Favale

Staff reporter

The S&P 500 closed up 0.74% to 3,915.59 as optimism grows around an economic stimulus package and vaccine roll-out.

Bitcoin gained more than 14% to also reach a record high as Tesla said it had invested US$1.5 billion and would soon accept the digital currency as payment for its electric vehicles.

Gold was slightly higher than this time yesterday at $1,830 an ounce on the spot market.

Base metals were mostly higher on the London Metal Exchange yesterday.

"Chinese sentiment remains largely positive and particularly towards aluminium," Marex Spectron's Alastair Munro said.

Meanwhile China is preparing for Lunar New Year celebrations, with a seven-day holiday starting on Thursday.

Finally, NextSource Materials (TSX: NEXT) was a standout in Toronto, rising 93.1% as it secured a strategic $29.5 million investment, from former Xstrata CEO Mick Davis' investment company, to fund construction of its Molo graphite mine in Madagascar.