Stock market today December 16, 2020

stock market today

A mixed close for the US stock market today, with S&P 500 and Nasdaq closing higher, but Dow Jones posting some minor losses. Small-cap stocks underperformed. The closing numbers for the US stock market today follow.

S&P 500: 3,701.17,+6.55(+0.18%)
Dow 30: 30,154.54,-44.77(-0.15%)
Nasdaq: 12,658.19,+63.13(+0.50%)
Russell 2000: 1,953.85,-5.92(-0.30%)

Stock market data: Yahoo Finance

stock market news

“Stocks were mixed Wednesday as traders considered lawmakers’ final efforts to get a stimulus package through before year-end, and digested the Federal Open Market Committee’s December monetary policy decision.

The Nasdaq rose to a fresh record close, and the S&P 500 ticked up to end just short of a record closing high. The Dow came under pressure and closed out the session slightly lower. The moves also came after the Commerce Department released a much weaker-than-expected print on November retail sales, which showed a sharper drop in consumer spending than anticipated as new virus-related restrictions came into effect.

Wednesday afternoon, the Federal Open Market Committee included in its statement new language committing to continue its asset purchase program at the current rate “until substantial further progress has been made toward the committee’s maximum employment and price stability goals.” These asset purchases – comprising $80 billion in Treasurys and $40 billion in mortgage-backed securities per month – have been a key tenet of the Fed’s strategy to keep financial markets functioning smoothly during the coronavirus pandemic.”

Stock marker source: Yahoo Finance

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