U.S. Indices Kept Flying Higher In Penultimate Session Of The Year

On Wednesday, the penultimate session of 2020, the New York Stock Exchange advanced, with the Dow Jones index closing at a historic high and other big indices reaching theirs. As a part of the latest assistance package in the United States, and through the coronavirus vaccine program, investors continue to expect a solid economic rebound in 2021. The dollar dropped to a two-and-a-half-year low, a bout of weakness that supported oil and gold prices, buoyed by revived risk aversion.

The Dow Jones index rose 0.24 percent to 30,409 points at the close, just 6 points above its previous record on Monday, and after reaching to a session high of 30,525 points. The S&P 500’s large index advanced 0.13% to 3,732 points (3 points below its Monday high) and the Nasdaq Composite Index, rich in electronics and biotech companies, rose 0.15% to 12,870 points, finishing at 0.2% below its Monday high of 12,899 points.


A Backdoor Way To Profit From Today’s Crypto Bull Market

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free. .

Sponsored


There have been no big surprises about the new macroeconomic indicators released in the United States. In November, the Goods Trade Balance Adv stood at $84.8 billion, up from a consensus of $82 billion and $80.3 billion in October. Compared with October, wholesale inventories for November were down 0.1 percent. The manufacturing index Chicago PMI came out higher than expected at 59.5 in December versus a business consensus of 57 and 58.2 in November. As calculated by the National Association of Realtors, the Pending Home Sales Index fell by 2.6 percent month-on-month in November, against a steady consensus, and by -0.9 percent in October.

Finally, the State Street Investor Confidence Index in December dipped above forecasts at 104.1, down from a revised 90.8 in November. Regeneron Pharmaceuticals, Inc. (REGN) was down -1.22% to $478.3. The company on Tuesday announced that further research was validated by the first findings of a clinical trial for its experimental treatment for Covid.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

LEAVE A REPLY

Please enter your comment!
Please enter your name here