Category: Market

S&P 500 powers to a record closing high on the final day of 2020, ending the year with a 16% rise

Stocks closed out 2020 at record highs.

The S&P 500 ended the year at an all-time closing high, securing a gain of just over 16% for the year, or 18% with reinvested dividends. This marked a back-to-back year of double-digit gains for the blue-chip index, after it advanced by nearly 29% in 2019.

The newest entrant to the S&P 500 was also the best performer in the index. Tesla (TSLA), added to the S&P 500 in mid-December, closed out 2020 with a jump of about 740%, followed by Etsy (ETSY) with a gain of 300%. Meanwhile

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Stock Market News for Dec 30, 2020

U.S. stock markets closed lower on Tuesday after falling from record intraday highs as investors monitored the possibility of further stimulus aid. Moreover, investors’ sentiment also took a hit as COVID-19 cases across the country continue to mount, raising doubts about an economic recovery. All three major stock indexes ended the day in red.

How Did The Benchmarks Perform?

The Dow Jones Industrial Average (DJI) dipped 0.2%, closing at 30,335.67, snapping its 3-day winning run. Notably, 22 components of the 30-stock index ended in red while 8 finished the day in green. Major losers of the Dow were Apple Inc.

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Stock Market News for Dec 1, 2020 – December 1, 2020

U.S. stock markets closed lower on Monday as concerns mounted over surging COVID-19 cases across the United States. Moreover, investors’ sentiment also took a hit due to a weak set of economic data. All three major stock indexes ended the day in red.

How Did The Benchmarks Perform?

The Dow Jones Industrial Average (DJI) dipped 0.9%, or 271.73 points, closing at 29,638.64 snapping its gains from Friday. Notably, 11 components of the 30-stock index ended in green while 19 finished the day in red. The blue-chip index has become green 3.9% year to date. One of the major losers of

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Stock Market News for Dec 29, 2020

U.S. stock markets closed at record highs on Monday following the signing of the COVID-19 relief bill. Hopes of economic recovery following the signing of the relief bill boosted travel stocks. Moreover, the rally was also supported by strong performance from large-cap technology stocks. All three major stock indexes ended the day in green.

How Did The Benchmarks Perform?

The Dow Jones Industrial Average (DJI) rallied 0.7%, or 204.10 points, closing at 30,403.97, a record high, continuing its 3-day winning run. Notably, 23 components of the 30-stock index ended in green while 6 finished the day in red and 1

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Stock Market News for Dec 23, 2020

TipRanks

3 Big Dividend Stocks Yielding Over 7%; Raymond James Says ‘Buy’

Wall Street’s investment firms are burning the midnight oil as we approach the end of 2020, publishing their year-end notes and their New Year prognostications, both for investors’ edification. There is the obvious point: we’re in a moment of rising markets, and investor sentiment is riding high now that the election is settled and COVID vaccines have emergency approval and are getting into the distribution networks.However, the lockdown policies put in place to combat the virus this winter are slowing down the economic recovery. Whether the economy will

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