Stock market today
The US stock market closed higher today, the first trading session of December 2020. S&P 500 and Nasdaq made record closing highs. The figures at the close of the US stock market today:
S&P 500: 3,662.45,+40.82(+1.13%)
Dow 30: 29,823.92,+185.28(+0.63%)
Russell 2000: 1,836.05,+16.23(+0.89%)
stock market news
“Stocks rose Tuesday, and each of the three major indices hit fresh intraday records, as traders looked to extend November’s sharp advance.
Both the S&P 500 and Nasdaq each also hit record closing highs after jumping by more than 1.1% each. The tech-heavy communication services and financials sectors led the day’s advances in the S&P 500.
Equities kicked off the final month of 2020 with momentum from a record November, during which each of the three major indices made fresh record highs, and the Dow posted its biggest monthly gain since January 1987 with an advance of nearly 11.9%. In the S&P 500, the energy, financials and industrials sectors led the index’s 10.8% rise, as traders rotated back into many of the names that had been beaten down the hardest earlier on during the pandemic.
Many analysts believe equities will continue to ride a wave of vaccine-related optimism into December, after Pfizer (PFE), Moderna (MRNA) and AstraZeneca (AZN) each reported promising efficacy data for their respective COVID-19 vaccine candidates. Developments in the race to create an inoculation against the coronavirus helped stocks shake off volatility from earlier on in the month.”
Stock market data: Yahoo Finance