Weekly Market Commentary for December 28th, 2020
All three major indices ended a shortened holiday week on an up note as investors digested surging virus cases, the ongoing vaccine rollout, uncertainty over the Georgia runoff, a fall in unemployment claims, and new hurdles to the stimulus bills. For the week, the Dow lost 0.34 percent to close at 30,199.87. The S&P lost 0.49 percent to finish at 3,703.06, and the NASDAQ gained 0.32 percent to end the week at 12,804.73.
Weekly Market Commentary for December 21st, 2020
The Dow Jones, S&P 500, and NASDAQ fell Friday, after all three indices briefly reached records earlier in the day. Investors balanced prospects of a stimulus package, Tesla’s entrance into the S&P, an unexpected rise in jobless claims, and vaccine rollouts. For the week, the Dow rose 0.46 percent to close at 30,179.05. The S&P gained 1.29 percent to finish at 3,709.41, and the NASDAQ climbed 3.07 percent to end the week at 12,755.64.
Weekly Market Commentary for December 14th, 2020
THE MARKETS The S&P 500 and the NASDAQ ended Friday with modest declines despite the FDA’s emergency use authorization of Pfizer’s COVID-19 vaccine for individuals 16 years of age and older. Investors appeared cautious amid … Read More
Weekly Market Commentary for December 7th, 2020
Stocks rose Friday despite a disappointing November jobs report and rising coronavirus cases. Expectations of a new fiscal relief bill helped all three major indices close at record highs. For the week, the Dow rose 1.16 percent to close at 30,218.26. The S&P gained 1.72 percent to finish at 3,699.12, and the NASDAQ climbed 2.14 percent to end at 12,464.23.