Stock Market Overview
The S&P 500 Index ($SPX) on Friday closed up +0.88%, the Dow Jones Industrials Index ($DOWI) closed up +0.83%, and the Nasdaq 100 Index ($IUXX) closed up +0.49%.
U.S. stock indexes on Friday settled moderately higher, with the S&P 500 and Dow Jones Industrials at new record highs. Stocks rallied on Covid vaccine optimism along with hopes for additional fiscal stimulus. Strength in energy stocks also lifted the overall market after crude oil prices rose more than +1% Friday to a 9-month high.
Stocks are seeing support from improved prospects for U.S. lawmakers to pass a pandemic relief package after House Speaker Pelosi on Friday said "there is momentum building" toward a compromise on the $908 billion fiscal stimulus plan.
Hopes for additional Fed stimulus also supported gains in stocks Friday on dovish Fed comments. Chicago Fed President Evans said the U.S. November jobs report was "a little disappointing." Also, Minneapolis Fed Preside... Read more
BURLINGTON, Vt. (AP) — By late morning on Oct. 28, staff at the University of Vermont Medical Center noticed the hospital’s phone system wasn’t working.
IOWA CITY, Iowa (AP) — After facing a workforce shortage for months, Iowa awarded an emergency $2.3 million contact-tracing contract to a company that has worked for the campaigns of President Donald Trump and Gov. Kim Reynolds and is owned by a Republican insider.
Prominent artificial intelligence scholar Timnit Gebru helped improve Google's public image as a company that elevates Black computer scientists and questions harmful uses of AI technology.
WILMINGTON, Del. (AP) — President-elect Joe Biden is predicting a “bleak future” if Congress doesn't take speedy action on a coronavirus aid bill amid a nationwide spike in the virus that's hampering the country's economic recovery.
RENO, Nev. (AP) — DNA evidence suggests rodents destroyed part of an area of an extremely rare desert wildflower being considered for endangered species protection at a contentious mine site in Nevada, the U.S. Fish and Wildlife Service said Friday.
Stocks returned to record highs on Wall Street Friday as traders took a discouraging jobs report as a sign that Congress may finally move on delivering more aid for the pandemic-stricken economy.