{"id":145050,"date":"2020-12-31T21:43:00","date_gmt":"2020-12-31T18:43:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/u-s-stocks-hover-near-records-in-final-session-of-2020\/"},"modified":"2020-12-31T21:43:00","modified_gmt":"2020-12-31T18:43:00","slug":"u-s-stocks-hover-near-records-in-final-session-of-2020","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/u-s-stocks-hover-near-records-in-final-session-of-2020\/","title":{"rendered":"#\n  U.S. stocks hover near records in final session of 2020"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3da29aa563b\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3da29aa563b\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/u-s-stocks-hover-near-records-in-final-session-of-2020\/#Nasdaq_Composite_set_to_end_pandemic_year_with_gain_of_more_than_40\" >Nasdaq Composite set to end pandemic year with gain of more than 40%<\/a><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/u-s-stocks-hover-near-records-in-final-session-of-2020\/#What_are_major_indexes_doing\" >What are major indexes doing?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/u-s-stocks-hover-near-records-in-final-session-of-2020\/#Whats_driving_the_market\" >What\u2019s driving the market?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/u-s-stocks-hover-near-records-in-final-session-of-2020\/#Which_companies_are_in_focus\" >Which companies are in focus?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/u-s-stocks-hover-near-records-in-final-session-of-2020\/#What_are_other_markets_doing\" >What are other markets doing?<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/buradabiliyorum.com\/en\/u-s-stocks-hover-near-records-in-final-session-of-2020\/#William_Watts\" >William Watts<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  U.S. stocks hover near records in final session of 2020<br \/>\n<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"Nasdaq_Composite_set_to_end_pandemic_year_with_gain_of_more_than_40\"><\/span>\n  Nasdaq Composite set to end pandemic year with gain of more than 40%<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000114896\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       U.S. stocks were little changed Thursday midday, with major indexes trading near records as investors prepared to ring out a tumultuous year that saw equities collapse into a bear market before rebounding to all-time highs.<\/p>\n<h6><span class=\"ez-toc-section\" id=\"What_are_major_indexes_doing\"><\/span>What are major indexes doing?<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<ul class=\"articleList\">\n<li>\n      The Dow Jones Industrial Average<br \/>\n        DJIA,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598065\/realtime\" class=\"positive\">+0.11%<\/bg-quote><br \/>\n       was up 10.37 points, or less than 0.1%, at 30,419.93.<\/p>\n<\/li>\n<li>\n      The S&amp;P 500<br \/>\n        SPX,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210599714\/realtime\" class=\"positive\">+0.07%<\/bg-quote><br \/>\n       edged down 1.07 points to 3,733.11.<\/p>\n<\/li>\n<li>\n      The Nasdaq Composite<br \/>\n        COMP,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598365\/realtime\" class=\"negative\">-0.23%<\/bg-quote><br \/>\n       was off 29.72 points, or 0.2%, at 12,840.28.<\/p>\n<\/li>\n<\/ul>\n<p>Stocks logged modest gains Wednesday, nudging the Dow to a record finish. The S&amp;P 500 closed within 0.1% of its record close of\u00a03,735.36 and the Nasdaq Composite ended just 0.2% below its all-time high finish of 12,889.42 \u2014 both set on Tuesday. <\/p>\n<p>Through Wednesday\u2019s close, the Nasdaq was on track for an annual gain of more than 43%, its largest since 2009, reflecting huge gains for tech- and internet-related stocks that benefited from the stay-at-home phenomenon created by the pandemic. The S&amp;P 500 was on track for a 15.5% rise, while the Dow was headed for a yearly gain of 6.6%.<\/p>\n<div class=\"paywall\">\n<h6><span class=\"ez-toc-section\" id=\"Whats_driving_the_market\"><\/span>What\u2019s driving the market?<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p>Equities are on track to end 2020 on a strong note after plunging into a bear market in February and March as the COVID-19 pandemic threw the global economy into a deep recession. The bear market was one of the shortest in history though, with equities subsequently rebounding as governments and central banks moved to aggressively provide fiscal and monetary stimulus.<\/p>\n<p>\u201cExpectations for improving <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> on the vaccine and economic fronts as 2020 wore on were rewarded if one used pullbacks in the stock market to take action and put money to work in sectors that would likely benefit from a positive viewpoint looking out into and through next year,\u201d said Scott Wren, senior global market strategist at Wells Fargo Investment Institute, in a note.<\/p>\n<p>\u201cIt also doesn\u2019t hurt that the Federal Reserve has been frequently reminding us that its low-interest-rate policy is likely to be in place through at least the end of 2021 if not meaningfully longer,\u201d he said.<\/p>\n<p>Gains in stocks accelerated over the last two months as vaccines were <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roved and began to be rolled out, even as a resurgence of the virus sends the number of cases and fatalities to new highs.<\/p>\n<p>But investors also caution that the pace of recent gains, the resurgent pandemic, and a slow start to the vaccine rollouts could set the stage for a near-term pullback.<\/p>\n<p>U.S. data showed first-time jobless benefit claims unexpectedly declined by 19,000 to 787,000 last week. Economists surveyed by MarketWatch had forecast initial claims to rise to 835,000. State continuing jobless claims dropped 103,000 to 5.22 million.<\/p>\n<p>While initial jobless claims fell for a second week, they remain high compared with any week before the coronavirus pandemic. The prior record of 665,000 set in 2009, was easily shattered early in the pandemic when new claims peaked at a whopping 6.87 million in the last week of March this year. <\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p>\u201cThe last meaningful gauge of the state of the jobs market for 2020 tells a familiar story: one of an economy that has slowed considerably in recent months as the renewed threat posed by the resurgence in COVID-19 across the country is taking a toll,\u201d said Jim Baird, chief investment officer for Plante Moran Financial Advisors.<\/p>\n<p>Stock market trading activity was expected to be thin Thursday ahead of the New Year\u2019s Day holiday Friday when markets will be closed. <\/p>\n<p>Investors appeared to take fading prospects for larger direct payments to U.S. households from the federal government in stride. Senate Majority Leader Mitch McConnell, R-Ky., late Wednesday afternoon said he wouldn\u2019t allow a stand-alone vote on the proposal passed by the Democratic controlled House on Monday that would boost the payouts from $600 to 2,000 under the latest financial-aid package signed into law by President Trump last Sunday. <\/p>\n<p>The U.S. counted at least 229,235 new cases on Wednesday, and at least 3,808 people died,\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.nytimes.com\/interactive\/2020\/us\/coronavirus-us-cases.html\" class=\"icon none\">according to a New York Times tracker.\u00a0<\/a>In the past week, the U.S. has averaged 183,271 cases a day, down 13% from the average two weeks ago, but health experts have warned that cases are likely to rise following <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">travel<\/a> around Christmas. <\/p>\n<p>There are currently a record 125,220 COVID-19 patients in U.S. hospitals, according to the\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/covidtracking.com\/data\/national\" class=\"icon none\">COVID Tracking Project<\/a>, breaking the record set a day ago.\u00a0 <\/p>\n<h6><span class=\"ez-toc-section\" id=\"Which_companies_are_in_focus\"><\/span>Which companies are in focus?<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<ul class=\"articleList\">\n<li>\n       Hedge fund Alden Global said it\u2019s made a $14.25-per-share nonbinding proposal for the shares it doesn\u2019t already own in <strong>Tribune Publishing Co.<\/strong><br \/>\n        TPCO,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/206467255\/composite\" class=\"positive\">+7.74%<\/bg-quote><span>,<\/span><br \/>\n       the publisher of the Chicago Tribune and New York Daily News. Tribune shares jumped more than 8%.<\/p>\n<\/li>\n<li>\n       Shares of <strong>Exxon Mobil Corp.<\/strong><br \/>\n        XOM,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/204455864\/composite\" class=\"negative\">-1.17%<\/bg-quote><br \/>\n       were off 1.4% after the energy giant said it expects higher oil and gas and chemical prices to boost fourth-quarter earnings, but confirmed that it is also expecting to write down $18 to $20 billion of upstream assets. Exxon shares have fallen more than 40% in 2020.<\/p>\n<\/li>\n<\/ul>\n<h6><span class=\"ez-toc-section\" id=\"What_are_other_markets_doing\"><\/span>What are other markets doing?<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<ul class=\"articleList\">\n<li>\n      Hong Kong\u2019s Hang Seng Index<br \/>\n        HSI,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598030\/delayed\" class=\"positive\">+0.31%<\/bg-quote><br \/>\n       rose 0.3%, while the Shanghai Composite<br \/>\n        SHCOMP,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598127\/delayed\" class=\"positive\">+1.72%<\/bg-quote><br \/>\n       jumped 1.7%.<\/p>\n<\/li>\n<li>\n      The pan-European Stoxx 600<br \/>\n        SXXP,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210599654\/delayed\" class=\"negative\">-0.30%<\/bg-quote><br \/>\n       fell 0.3%, leaving it up 4.1% this year.  London\u2019s FTSE 100<br \/>\n        UKX,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598409\/delayed\" class=\"negative\">-1.45%<\/bg-quote><br \/>\n       declined 1.5%, extending a 14.3% yearly drop, its largest such fall since 2008.<\/p>\n<\/li>\n<li>\n      The 10-year U.S. Treasury note yield<br \/>\n        TMUBMUSD10Y,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.000%\" channel=\"\" class=\"\">0.919%<\/bg-quote><br \/>\n       was 0.6 basis point lower at 0.92%. Yields and debt prices move in opposite directions.<\/p>\n<\/li>\n<li>\n      The ICE U.S. Dollar Index<br \/>\n        DXY,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598269\/delayed\" class=\"positive\">+0.31%<\/bg-quote><span>,<\/span><br \/>\n       a measure of the U.S. currency against a basket of six major rivals, was up 0.2%, after trading near a 2 1\/2-year low.<\/p>\n<\/li>\n<li>\n      Oil futures were lower, with the U.S. benchmark<br \/>\n        CL.1,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/211629951\/delayed\" class=\"negative\">-0.23%<\/bg-quote><br \/>\n       down 0.5% near $48.17 a barrel. Gold futures<br \/>\n        GC00,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210034565\/delayed\" class=\"positive\">+0.23%<\/bg-quote><br \/>\n       edged higher, changing hands near $1,896 an ounce.<\/p>\n<\/li>\n<\/ul>\n<\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"William Watts\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"William_Watts\"><\/span>William Watts<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B21005575-02D4-D4B5-4572-D1C0D05CCFA4%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# U.S. stocks hover near records in final session of 2020 &#8221; Nasdaq Composite set to end pandemic year with gain of more than 40% U.S. stocks were little changed Thursday midday, with major indexes trading near records as investors prepared to ring out a tumultuous year that saw equities collapse into a bear market&#8230;<\/p>\n","protected":false},"author":1,"featured_media":145051,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-145050","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/145050","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=145050"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/145050\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/145051"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=145050"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=145050"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=145050"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}