RTTNews | Feb 8, 2021 04:45PM EST

04:45 Monday, February 08, 2021

|BEGINSUB|Asian Shares Rise On Optimism Over Global Recovery|ENDSUB|Asian stocks ended broadly higher on Monday amid optimism that falling coronavirus infection rates in different parts of the world and the continued rollout of vaccines will provide a major boost to the economic recovery.Stimulus news remained in focus as well after U.S. lawmakers approved a budget outline that will allow them to muscle President Biden's $1.9 trillion Covid-19 relief package through in the coming weeks without Republican support.

|BEGINSUB|European Stocks Close Higher On Stimulus Optimism, Recovery Hopes|ENDSUB|European stocks closed higher on Monday amid rising hopes about global economic recovery gathering momentum on faster rollout of vaccines and optimism about U.S. economic stimulus.

|BEGINSUB|U.S. Stocks Ride Upward Momentum To New Record Highs|ENDSUB|Following the strong upward move seen last week, stocks saw continued strength during trading on Monday. With the continued advance, the major averages all ended the session at new record closing highs.

|BEGINSUB|Stock Alert: Desktop Metal Touches New 52-week High |ENDSUB|Shares of Desktop Metal Inc. (DM), a Massachusetts-based designer of 3D printing systems, are rising more than 9 percent or $3.03 in Mondays morning trade at $34.28, after hitting a new 52-week high of $34.47. The stock is extending strong gains from last week.

|BEGINSUB|Stock Alert: Estee Lauder Rises To New 52-week High |ENDSUB|Shares of Estee Lauder Companies Inc. , a maker of skin care, makeup, fragrance and hair care products, are adding more than 3 percent or $9.26 in Mondays morning trade at $282.07. The stock hit a new 52-week high of $283.17 as the companys earnings for the second quarter beat analysts estimates.

|BEGINSUB|Stock Alert: Tortoise Acquisition Hits New 52-week High On Merger With Volta Industries |ENDSUB|Shares of Tortoise Acquisition Corp. II (SNPR), a special purpose acquisition company, are gaining more than 34 percent or $4.46 in Mondays morning trade at $17.36, after surging to a new 52-week high of $18.33.

Volta Industries Inc., an operator of public electric vehicle charging infrastructure, and Tortoise Acquisition said Monday they intend to merge. Upon the closing of the transaction, the combined entity will be named Volta Inc. and remain listed on the New York Stock Exchange or NYSE under the new ticker symbol "VLTA."

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