US STOCKS-Wall Street gains as markets look to aid package, Nasdaq closes above 11,000

Shares on Wall Street shrugged off a sluggish start and closed higher on Thursday, with the Nasdaq ending the session above 11,000 for the first time as investors hoped for a new fiscal stimulus package. The tech-heavy Nasdaq clinched a new record high in early trading, and closed above the 11,000-mark for the first time after initially climbing above it on Wednesday. The benchmark S&P 500 and blue-chip Dow were about 1% and 7% away from their own peaks scaled in February.


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