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Day: December 17, 2020

SLGG
Market Activity

U.S. Indices Closed In Spread Order After Fed Reaffirmed The Support

The New York Stock Exchange ended in a spread order on Wednesday after a volatile day with the Nasdaq setting a new record high, while the S&P 500 is close to its own. The Fed reaffirmed its intention to continue its long-term support in the evening and was more hopeful about a rebound in 2021, considering a few tough months ahead of the coronavirus vaccination campaign. Markets are also in hopes that an agreement on a new $900 billion funding package to resolve the coronavirus pandemic will be immediately announced by U.S. Congress. The Dow Jones index finally gave up