Business & Investment

Stock prices at the end of the year are flat

Shares were almost flat on Thursday as Wall Street closed one of the most volatile years for the market in recent memory.

The 30 Dow Jones Industrial Averages blamed 32.46 points for 30,377.10. Chevron was the largest decline in the Dow, down 0.7%.

The S & P 500 fell 3.29 points to 3,728.77. The S & P 500 energy sector fell 0.6%.

NASDAQ has deleted 35.23 points to 12,834.77.

Stocks plummeted in February and March as the COVID pandemic spread outside China. The S & P 500 suffered the fastest 30% drawdown on record.

But after bottoming out in late March, and in the unprecedented action of the Federal Reserve to support the credit market, stocks rebounded dramatically, breaking a series of highs by the end of the year.

Prior to the final session in 2020, technology-intensive NASDAQ rose 43.4% year-to-date, the S & P 500 rose 15.5%, and the Dow rose 6.6%.

Indeed, boosted by vaccine deployments and new economic remedies packages from Congress, key averages jumped to record highs this month. In December alone, the S & P 500 rose 3.1% and NASDAQ improved 5.4%. Meanwhile, the Dow has risen 2.6%.

Investors digested more than expected readings of US weekly unemployment claims on Thursday. The US Department of Labor has declared a total of 787,000 people who have filed unemployment benefits for the first time in the week leading up to December 26.

Senate majority leader Mitch McConnell has blocked efforts to increase direct stimulus payments from $ 600 to $ 2,000, but the latest rise in the market with vaccine deployments and new economic relief packages from Congress. Has accelerated.

The price of 10-year government bonds was high, dropping from 0.94% on Wednesday to 0.92%. Treasury prices and yields move in the opposite direction.

Oil prices fell 15 cents to US $ 48.25 a barrel.

Gold prices rose $ 5.20 to $ 1,898.60.

Stock prices at the end of the year are flat

http://www.baystreet.ca/articles/market_updates_us.aspx?articleid=63052 Stock prices at the end of the year are flat

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