Stock Market Overview
Fri, Dec 4th, 2020
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S&P 500 and Dow Jones Industrials Close at Record Highs on Vaccine and Stimulus Optimism
by Barchart - 1 hour ago
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
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Associated Press - 13 minutes ago How major US stock indexes fared 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.
Associated Press - 50 minutes ago Sectors sorted by Daily Weighted Alpha Change
