Stock market today

stock market today

The US stock market closed higher with major stock indices making new highs. Small-cap stocks underperformed. The closing numbers for the US stock market today are:

S&P 500: 3,824.68,+20.89(+0.55%)
Dow 30: 31,097.97,+56.84(+0.18%)
Nasdaq: 13,201.98,+134.50(+1.03%)
Russell 2000: 2,091.66,-5.23(-0.25%)

stock market news

“Stocks ended a choppy session at record highs Friday afternoon as investors attempted to gauge the likelihood of additional stimulus out of Washington.

The three major indices fluctuated between gains and losses throughout the session, at one point turning negative following a report that additional stimulus out of Washington still faced roadblocks within the Senate. The Washington Post reported Friday afternoon that Democratic Senator Joe Manchin of West Virginia said he would “absolutely not” back another round of stimulus checks, suggesting Democratic lawmakers still faced hurdles in advancing more stimulus even with control of the chamber.

Still, the S&P 500 ended at a record closing high, as a weaker-than-expected jobs report Friday morning and Democratic sweep of the Georgia Senate run-off races earlier this week stoked optimism for still-more aid from Washington to support the economy. The index’s one-week gain totaled 1.8% in its first week of trading in 2021. Bitcoin prices held above $40,000, and U.S. crude oil prices buoyed over $51 per barrel.

Equity investors, once concerned about the prospects of a unified Democratic government, had been increasingly warming to the political backdrop solidified after the Georgia Senate runoff elections this week. To many market participants, the new composition of Congress increased the odds of virus relief stimulus advancing in the near-term. Credit Suisse on Thursday upgraded its 2021 outlook for the S&P 500 to 4,200 from 4,050 to imply additional upside of 10.4% from the index’s record close, largely on account of the likelihood for more stimulus and a boost to consumer spending.”

Stock market data: Yahoo Finance

stock market todAY

A mixed close for the US stock market today. Dow Jones and S&P 500 closed higher, but Nasdaq fell. Small-cap stocks outperformed. The closing numbers for the US stock market today:

S&P 500: 3,748.14,+21.28(+0.57%)
Dow 30: 30,829.40,+437.80(+1.44%)
Nasdaq: 12,740.79,-78.17(-0.61%)
Russell 2000: 2,057.92,+78.81(+3.98%)

Stock market data: Yahoo Finance

bonds

Treasury Yield 10 Years (^TNX): 1.0420+0.0870 (+9.11%)

stock market news

“Stocks ended mixed on Wednesday as turmoil in Washington escalated.

The Dow added more than 400 points, or 1.4%, to reach a record closing high, and the S&P 500 gained about 0.6% as financials and materials stocks outperformed. The Nasdaq closed out the session lower.

The U.S. Capitol was put under lockdown Wednesday afternoon as protesters in support of President Donald Trump flooded the building while lawmakers were in the process of debating President-elect Joe Biden’s election victory. Muriel Bowser, mayor of Washington, D.C., ordered a citywide curfew from 6 p.m. Wednesday to 6 a.m. Thursday amid the unrest.

Earlier, traders were closely monitoring developments around the Georgia Senate runoff elections. Democrat Raphael Warnock edged out incumbent Republican Kelly Loeffler to win one of the two seats in the state, the Associated Press reported Wednesday morning. This would give Democrats 49 seats in the Senate to Republicans’ 50, with one seat still hanging in balance. The Georgia Senate race between incumbent Republican David Perdue and Democratic challenger Jon Ossoff remained too close to call as of Wednesday afternoon.”

Stock market source: Yahoo Finance

stock market today

A lower close today for the US stock market and the first trading session of 2021. At the close today losses for the US stock market got trimmed, as Dow Jones earlier in the trading session was below the 30,000 level. All major stock indices fell more than 1%. The closing numbers for the US stock market today follow.

S&P 500: 3,700.65,-55.42(-1.48%)
Dow 30: 30,223.89,-382.59(-1.25%)
Nasdaq: 12,698.45,-189.83(-1.47%)
Russell 2000: 1,946.74,-28.12(-1.42%)

Stock market data: Yahoo Finance

stock market news

“Stocks fell Monday in the first session of 2021, as concerns over a post-holiday spike in virus cases compounded with uncertainty over the outcome of the Georgia Senate runoff elections.

All three major indices dropped more than 1% by market close on Monday, and the Dow fell 1.25% for its worst start to a year since 2016. Earlier in the session, both the S&P 500 and Dow had ticked up to record intraday levels before quickly paring gains. Bitcoin prices (BTC-USD) also extended their recent rally over the weekend, breaking above $34,000 to set a new all-time high before steadying at more than $31,000.

New COVID-19 cases in the U.S. hit a one-day record of nearly 300,000 over the weekend, according to data from Bloomberg and Johns Hopkins University, following an increase in travel for the holidays and a resumption of testing after a holiday pause.

“The widely anticipated post-holiday spike in cases is underway, and the seven-day average likely will hit a new record later this week,” Ian Shepherdson, chief economist for Pantheon Macroeconomics, said in a note Monday. “We’re braced for a bigger rebound than was seen in early December, before cases finally peak around the middle of the month.”

Traders have also been eyeing developments around the Georgia Senate runoff elections, which will determine control of the Senate and the balance of power in Congress. Republicans currently maintain an only narrow majority in the chamber, or 50 seats to Democrats’ 48 seats when excluding Georgia.

With strategists having largely assumed a divided government outcome for 2021, a Democratic sweep after Tuesday’s elections could spark a 10% selloff in the S&P 500, Oppenheimer strategist John Stoltzfus said Monday. Polling data from FiveThirtyEight showed both Democratic candidates with narrow leads as of Monday morning. However, Republicans have historically typically won the Senate seats in the state.

Traders are heading into the new year with a vaccine roll-out under way and more stimulus recently passed, offering hopes of a stronger recovery once inoculations allow the restrictions that have swept the country for months to ease. Still, hurdles exist to the outlook, and one of the biggest deciding factors in economic growth and rebound in profitability for many corporations will be the success of vaccine distribution as COVID-19 cases continue to spike, many strategists have said.

“The big question for the global economy over the year ahead will be how quickly populations are vaccinated, particularly among vulnerable groups like the elderly and those with underlying health conditions who make up the majority of hospitalizations,” Deutsche Bank economists including Henry Allen wrote in a note. “If the most affected groups can be vaccinated quickly, that could pave the way for a gradual easing of restrictions and a return to something closer to normality.”

“Markets are likely to be closely watching any issues with COVID-19 or the vaccine rollout, not least given the new variants that have been found in the UK and South Africa which spread more rapidly and have been found in increasing numbers of countries,” they added.

As of Monday morning, the first doses of a COVID-19 vaccine had been given to more than 4.5 million people in the U.S., comprising over 1% of the nation’s population. However, Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, said President-elect Joe Biden’s goal of ramping up distribution to vaccinate 100 million people in his first 100 days was a “realistic goal,” according to an interview with ABC on Sunday.”

Stock market source: Yahoo Finance