ECONOMIC SILUET: Dow and S&P 500 close flat | U.S. starts rollout of Covid-19 vaccine

Senin, 14 Desember 2020

Dow and S&P 500 close flat | U.S. starts rollout of Covid-19 vaccine | Stimulus talks continue

MON, DEC 14, 2020

EVENING BRIEF

AS OF MON, DEC 14, 2020 • 04:24 ET

DJIA		29861.55
		-0.62%	-184.82

S&P 500		3647.49
		-0.44%	-15.97

NASDAQ		12440.04
		+0.50%	+62.17

Most Active

DOW
NAME	LAST	CHG	%CHG
AAPL	121.78	-0.63	-0.51%
INTC	50.47	+0.74	+1.49%
DIS	169.30	-6.42	-3.65%

S&P 500
NAME	LAST	CHG	%CHG
PFE	39.21	-1.91	-4.64%
AAL	16.70	-0.35	-2.05%
AAPL	121.78	-0.63	-0.51%

NASDAQ
NAME	LAST	CHG	%CHG
AAPL	121.78	-0.63	-0.51%
TSLA	639.83	+29.84	+4.89%
AMD	94.78	+3.13	+3.42%

EDITOR'S NOTE

Enthusiasm around DoorDash and Airbnb has now turned into concern among some Wall Street analysts.

Shares of DoorDash fell more than 8% on Monday after an analyst at D.A. Davidson downgraded the food-delivery service to neutral from buy, noting the company's current valuation leaves little room for any performance hiccups.

Airbnb, meanwhile, was downgraded to underperform from buy at Gordon Haskett. That firm said Airbnb is dramatically overvalued relative to other online travel agencies. The downgrade sent Airbnb shares down more than 6%.

Monday's decline marked the third straight loss for DoorDash since its IPO on Wednesday. Airbnb, meanwhile, has now fallen in back-to-back sessions since going public.

Enthusiasm at the broader-market level has also tempered. The Dow Jones Industrial Average closed 184 points lower for the day, giving up a more than 200-point rally. The S&P 500 closed out the session down 0.4%.

Those moves came as traders weighed the rollout of a coronavirus vaccine in the U.S. and the latest developments in the fiscal stimulus negotiations in Washington against the prospects of stricter lockdown measures across the country.

Catch The News with Shepard Smith at 7 p.m. ET on CNBC. The nightly newscast provides deep, non-partisan coverage and perspective on the day's most important stories.