Congress appears to be inching closer to a deal on new fiscal stimulus and another coronavirus stimulus package, and investor optimism helped lift two of the three major indexes to all-time highs.
 | MON, DEC 28, 2020 | | | | DOW | | NAME | LAST | CHG | %CHG | | AAPL | 136.69 | +4.72 | +3.58% | | INTC | 47.07 | UNCH | UNCH | | MSFT | 224.96 | +2.21 | +0.99% | |
| | S&P 500 | | NAME | LAST | CHG | %CHG | | AAPL | 136.69 | +4.72 | +3.58% | | AAL | 16.06 | +0.40 | +2.55% | | GE | 10.64 | -0.01 | -0.09% | |
| | NASDAQ | | NAME | LAST | CHG | %CHG | | AAPL | 136.69 | +4.72 | +3.58% | | TSLA | 663.69 | +1.92 | +0.29% | | MRNA | 111.40 | -11.99 | -9.72% | |
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Wall Street kicked off the last week of 2020 with a bang as all three major indexes hit fresh all-time highs. The Dow Jones Industrial Average rose 204.10 points, or 0.7%. The S&P 500 gained 0.9%, and the Nasdaq Composite advanced 0.7%. Apple was the best-performing stock in the Dow, rallying more than 3%, while the communication services and consumer discretionary sectors lifted the S&P 500. Monday's jump to record levels came after President Donald Trump signed a $900 billion Covid-19 relief deal into law, extending unemployment benefits to millions of Americans. The measure was packaged with a $1.4 trillion government funding bill that prevented a shutdown.  The signing came days after Trump suggested he would veto the legislation, demanding $2,000 direct payments to Americans, instead of $600. "Equities seem poised to end the year on a high note, and I think for good reason," said Terry Sandven, chief equity strategist at U.S. Bank Wealth Management. "There's additional government stimulus, which is providing some measure of economic stability; medical progress for Covid-19 continues to evolve; and the macro environment is favorable for stocks." 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. |
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