U.S. stocks climbed in volatile trading on Wednesday amid rising hopes for further coronavirus stimulus, but major averages still posted their first down month since March.
| WED, SEP 30, 2020 | | | DOW | NAME | LAST | CHG | %CHG | AAPL | 115.81 | +1.72 | +1.51% | BA | 165.26 | +1.66 | +1.01% | MSFT | 210.33 | +3.07 | +1.48% | |
| S&P 500 | NAME | LAST | CHG | %CHG | AAPL | 115.81 | +1.72 | +1.51% | GE | 6.23 | +0.11 | +1.80% | AAL | 12.29 | +0.04 | +0.33% | | | NASDAQ | NAME | LAST | CHG | %CHG | AAPL | 115.81 | +1.72 | +1.51% | AAL | 12.29 | +0.04 | +0.33% | MU | 46.96 | -3.75 | -7.39% | | | | Stocks wrapped up September on a high note, but that didn't prevent major averages from suffering their first down month since March.
Due to a tech-led correction earlier this month, the S&P 500 finished September down 3.9%. The Dow Jones Industrial Average and the Nasdaq Composite fell 2.3% and 5.2%, respectively, in September. On Wednesday, rising hopes for a coronavirus fiscal stimulus deal overshadowed a vicious presidential debate, sparking a broad rally on Wall Street. Meanwhile, investors also cheered better-than-expected jobs data as well as a record surge in pending home sales. Still, a chaotic debate Tuesday evening raised concerns about a drawn-out electoral outcome hitting the market into year-end. "It became pretty apparent that this thing is not going to be over on Nov. 3 and I think the market is probably not too crazy about that," said Daniel Deming, managing director at KKM Financial. The News with Shepard Smith, premieres tonight at 7pm ET on CNBC. The nightly newscast will provide deep, non-partisan coverage and perspective on the day's most important stories. |
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