Wall St. gains, Nasdaq hits record high as holiday shopping begins
29 Novembre, 2020, 16:44 | Auteur: Auguste Feret
The Dow Jones Industrial Average added 38 points, or 0.1% before pulling back to breakeven.
The tech-rich Nasdaq Composite Index led the major indices, finishing up 0.9 per cent to 12,205.85, scoring a second straight record following a holiday-shortened session.
The Dow Jones Industrial Average, which earlier this week crossed 30,000 for the first time, rose 37.90 points, or 0.1%, to 29,910.37.
The three main USA stock indexes have gained more than 10 percent this month as investors were encouraged by signs that COVID-19 vaccines were on track to be rolled out in the weeks ahead, setting the S&P 500 for its best November ever.
The S&P 500 is up 80.81 points, or 2.3%. However, the bias is likely to remain to the upside as investors become more optimistic about President-elect Joe Biden's visions for ending the COVID-19 crisis, creating jobs and growing the economy. The Dow has added almost 13% since the end of October, on track to notch its biggest monthly advance since 1987. More than 110,000 new cases were reported around the nation Thursday, sharply lower than totals in recent days. "As we turn the coroner, that is going to allow pent-up economic activity to return". "This will have an impact potentially on the next job market report", he said, referring to labor-market figures for November that will be released on December 4.
The National Retail Federation sees a merry shopping season ahead, forecasting US holiday sales will rise 3.6% to 5.2% over 2019.
One concern that appears to be simmering down is the outcome of the election.
The Associated Press has declared Joe Biden the victor of the presidential election, with 306 electoral college votes to 232. The president's campaign has lost several legal challenges that allege election fraud, and he has come under pressure from Republicans to accept the results. "The economic calendar is still extremely thin and the way these markets are positioned, I think many are already in weekend mode", Erlam said.
Mr. Biden's decision to pick Janet Yellen as Treasury Secretary added to the market's enthusiasm this week, Citigroup analysts said.
US equity markets clambered higher Friday, hitting all-time highs for two of the three major benchmarks, as investors noted healthy online retail sales with the holiday shopping season beginning and parsed an update about the presidential transition as well as news related to vaccines for COVID-19. Black Friday "should give a nice bump to the [economic data] numbers".
As of Wednesday, the S&P U.S. Listed China 50 index, which is created to track the performance of the 50 largest Chinese companies listed on U.S. exchanges by total market cap, stood at 4,987.51, marking a 12.87-percent increase for the month-to-date returns and a 57.47-percent gain for the year-to-date returns.
Overseas, the pan-continental Stoxx Europe 600 wavered between small gains and losses before closing up 0.4%.
In Asia, most major stock benchmarks gained. On Friday, Etsy shares climbed 10.7%, Gamestop rose 9%, Amazon gained 0.3%, and Shopify climbed 1.5%.
Pennsylvania's Health Secretary says a COVID-19 vaccine distribution is still on track to start next month. The FAA said in a statement Friday that it was supporting the "first mass air shipment of a vaccine".
Apple souhaite déplacer une partie de la production d'iPad et de Mac de la Chine vers le Vietnam , comme l'a confirmé Reuters . L'intention serait de minimiser les impacts du différend commercial entre les États-Unis et le gouvernement chinois.
The film's supporting cast, that is, Paresh Rawal , Rajpal Yadav and Sahil Vaid among others, too, will leave you in splits. The makers of Varun Dhawan and Sara Ali Khan starrer Coolie No 1 have released the trailer .
The paper, published on SSRN , includes data of research conducted into strains of the virus provided by 17 different countries. The WHO has been accused by the Trump administration of being "China-centric", allegations it has repeatedly denied.
I haven't been fighting for 15 years and he stopped fighting three years ago and everybody is anxious about his a**. There were no official judges for the fight, instead three former boxers gave their verdict.
According to astronomers, the last lunar eclipse of 2020 will not be visible all over India as it will occur before the sunset. By the way, it is totally safe to look at a lunar eclipse with a telescope, binoculars or your own eyes.
RCB had earlier responded to Kane's post, confirming that they've reserved the quantity 10 jersey only for the footballer. IND vs AUS Test Series 2020: Ishant Sharma Ruled Out of Four-Match Series Against Australia, Says BCCI .
The woman alleges that Babur Azam continued to exploit her physically by pretending to be married and later refused to marry. Further in the press conference, the woman revealed that Babar threatened to kill her before she went to the police.
New Zealand Defeat West Indies By 5 Wickets In First T20I
The West Indies only ended two weeks of Covid-19 quarantine on Thursday but Pollard said they were ready for the challenge. Santner smoked a couple of sixes in the last two overs to seal the game for New Zealand with four balls to spare.
Anushka Sharma set to resume work in May 2021
Anushka Sharma has resumed work in Mumbai amid the pandemic and is exercising precaution while she is on the sets. I intend to keep working for as long as I live because acting truly makes me happy", concluded the actor.
Tokyo Games organizers reveal test event schedules
The event will test three essential elements: the field of play, the use of technology, and operations staff. In the past month, Japan has already held several sports events that allowed fan attendance.
Pope installs first African-American cardinal
Once they received three negative coronavirus test results, they were then allowed to participate in the ceremony on Saturday. Thirteen men were also named as new cardinals at the induction, called a consistory.
Puducherry records 46 new COVID-19 cases, no deaths
The most recent school outbreak reported by OPH was at Gabrielle-Roy Elementary School, where three students had tested positive. The 1,822 new cases represent a slight decrease from Friday's total when a record-breaking 1,855 infections were logged.