Tag: December

Stock Market News for Dec 22, 2020 – December 22, 2020

Benchmarks closed mixed on Monday after news regarding a fast-spreading mutation of coronavirus strain sparked fear across Europe and weighed on investors’ sentiment. Meanwhile, lawmakers in the United States reached an agreement on a $900 billion relief package.

The Dow Jones Industrial Average (DJI) rose 37.40 point, or 0.1%, to close at 30,216.45 and the S&P 500 fell 14.49 points, or 0.4%, to close at 3,694.92. The Nasdaq Composite Index closed at 12,742.52, declining 13.12 points, or 0.1%. The fear-gauge CBOE Volatility Index (VIX) increased 16.6%, to close at 25.16. Declining issues outnumbered advancing ones for 4.97-to-1 ratio on the

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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 15, 2020 – December 15, 2020

Wall Street closed mixed on Monday as investors remained concerned about recent spike in new COVID-19 cases in the United States and Eurozone. Moreover, the U.S. Congress is yet to reach a deal regarding a fresh coronavirus-aid package. All these negative news overshadowed  the FDA’s approval of the first coronavirus vaccine. The Dow and the S&P 500 ended in negative territory while the Nasdaq Composite finished in the green.

How Did The Benchmarks Perform?

The Dow Jones Industrial Average (DJI) decreased 0.6% or 184.82 points to close at 29,861.55. This was the worst single-day performance of the blue-chip index since

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Stock Market News for Dec 10, 2020 – December 10, 2020

Markets ended lower on Wednesday as tech stocks took a hit and investors grew impatient over the prospects of a fresh round of fiscal stimulus. However, all three indexes hit fresh intraday records before retreating to end the day in red.

How Did The Benchmarks Perform?

The Dow Jones Industrial Average (DJI) dropped 0.4% or 105.07 points to end the day at 30,068.81. Earlier in the day, the index was up by over 100 points.The S&P 500 declined 0.8% or 29.43 points to finish at 3,672.82. The Technology Select Sector SPDR (XLK) was the biggest loser, declining 1.9%, followed by

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Stock Market News for Dec 2, 2020 – December 2, 2020

U.S. stock markets closed higher on Tuesday on the back of optimism surrounding COVID-19 vaccine. Moreover, investors’ sentiment was also buoyed by record high online retail sales on Cyber Monday. All three major stock indexes ended the day in green.

How Did The Benchmarks Perform?

The Dow Jones Industrial Average (DJI) rallied 0.6%, or 185.28 points, closing at 29,823.92 snapping its losses from Monday. Notably, 23 components of the 30-stock index ended in green while 7 finished the day in red. The blue-chip index has become green 4.5% year to date.

The tech-heavy Nasdaq Composite closed the day at 12,355.11,

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