US stocks opened to record highs Wednesday with investors optimistic about a relief plan.
The Dow Jones and the S&P 500 climbed to records of 31,509 and 3,932 points, respectively, shortly after the opening bell. The Nasdaq also soared to a new high of 14,109.
Shares of Twitter jumped more than 15% after reporting late Tuesday a revenue increase of 28% in the fourth quarter from the same period a year ago.
The social networking service said it expects total revenue to grow faster than expenses in 2021 “assuming the global pandemic continues to improve.”
Investors continue to closely watch how President Joe Biden’s $1.9 trillion relief plan rolls out, which is supported by 63% of small business owners, including 46% of Republican entrepreneurs, according to a CNBC/SurveyMonkey Small Business Survey.
Biden met Tuesday with American business leaders that included JPMorgan Chase CEO Jamie Dimon, Lowe’s CEO Marvin Ellison, and US Chamber of Commerce CEO Tom Donohue.
“The American people are hurting, a lot of people are in real, real trouble,” Biden told reporters.
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