S&P 500 and Nasdaq close at new record

2020-12-01 22:24:58 GMT (Economies.com)
S&P 500 and Nasdaq close at new record

US stock indices closed higher on Tuesday, while Dow Jones pared some of its gains and closed below the 30,000-point mark, with Nasdaq and S&P 500 hitting new record closings.

 

This came amid optimism about further stimulus in the US, as the administration of President-elect Joe Biden seeks to take this step.

 

Data showed today that the US manufacturing PMI fell to 57.5 points in November from 59.3 points in October, missing analysts' forecasts of 57.9 points.

 

The administration of the outgoing US President Donald Trump announced that it would start distributing doses of two Covid-19 vaccines ahead of the Christmas holidays this month.

 

WTI crude January futures fell 1.7% or 79, and closed at $44.55 a barrel, after hitting a high of $45.7 and a low of $44.1.

 

Brent January futures fell 1% or 46 cents to $47.42 a barrel, after hitting a high of $48.3 and a low of $46.8.

 

As for stocks, Dow Jones rose 0.6% or 185 points, and closed at 29,824, after hitting a day high of 30,083 and a low of 29,797.

 

Nasdaq rose 1.3% or 156 points to 12,355, with a high of 12,405 and a low of 12,263.

 

S&P 500 rose 1.1% or 41 points to 3,662, after hitting a high of 3,678 and a low of 3,645.

 
 
 
  Symbol Last Change Chg.%
1.2097
0.0032
0.2636%
1.3606
0.0057
0.4192%
Tadawul
8931.29
52.57
0.59%
25.165
0.260
1.042%
52.258
-0.042
0.080%
54.75
-0.36
0.65%
1837.570
1.455
0.079%
 
 
US
 
Europe
 
Asia