ECONOMIC SILUET: Strong start to December for stocks | Stimulus before year-end?

Selasa, 01 Desember 2020

Strong start to December for stocks | Stimulus before year-end? | Zoom shares fall

TUE, DEC 01, 2020

EVENING BRIEF

AS OF TUE, DEC 01, 2020 • 04:39 ET

DJIA		29823.92
		+0.63%	+185.28

S&P 500		3662.45
		+1.13%	+40.82

NASDAQ		12355.11
		+1.28%	+156.37

Most Active

DOW
NAME	LAST	CHG	%CHG
AAPL	122.72	+3.67	+3.08%
INTC	49.56	+1.21	+2.50%
MSFT	216.21	+2.14	+1.00%

S&P 500
NAME	LAST	CHG	%CHG
AAPL	122.72	+3.67	+3.08%
GE	10.15	-0.03	-0.29%
AAL	14.27	+0.14	+0.99%

NASDAQ
NAME	LAST	CHG	%CHG
AAPL	122.72	+3.67	+3.08%
MRNA	141.01	-11.73	-7.68%
AMD	92.63	-0.03	-0.03%

EDITOR'S NOTE

A new month started, but the market trend remained the same.

The Dow Jones Industrial Average on Tuesday kicked off December with a gain of nearly 200 points. The S&P 500 and Nasdaq Composite, meanwhile, notched record highs by jumping more than 1% each. Those advances built on November's rally, which led the Dow to its biggest monthly rise since 1987.

"December looks like it will be a very strong finish for 2020," wrote Tom Lee of Fundstrat Global Advisors, who cited data that showed during bull markets when the S&P 500 was up more than 10% through November for the year, it always added to that gain in December.

The data "confirms our view that strong markets finish strong," said Lee. The S&P 500 was up more than 12% through Monday's close and up 13.4% after Tuesday's session.

Sentiment got a lift Tuesday after a group of lawmakers unveiled a $908 billion coronavirus stimulus plan, which includes $288 billion in Paycheck Protection Program small business loans.

Congress has been in a stalemate over additional fiscal aid for months, raising concerns over the economic recovery.

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