Page 3 - Sunitha Thomas News Today

Wall Street closed out a tumultuous year for stocks with more record highs Thursday, a fitting coda to the market’s stunning comeback from its historic plunge

S&P 500 ends 2020 at record high after mixed trading day but a year of wild swings amid COVID-19 pandemic

The index finishes with a gain of 16.3 percent for the year, or a total return of about 18 percent, including dividends.

Damian J. Troise And Alex Veiga FILE - In this July 9, 2020 file photo, the Fearless Girl statue stands in front of the New York Stock Exchange in New York. Stocks are off to a mixed start, Thursday, Dec. 31, on Wall Street on the last day of 2020, a year that saw a breathtaking nosedive in markets in the spring as the coronavirus took hold followed by steady gains in the months that followed as hopes built for an eventual return to something like normal. (AP Photo/Mark Lennihan, Fi...

S&P 500 ends at another record high as tumultuous 2020 ends By DAMIAN J. TROISE, AP Business Writer Published: December 31, 2020, 1:05pm Share: FILE - In this July 9, 2020 file photo, the Fearless Girl statue stands in front of the New York Stock Exchange in New York. Stocks are off to a mixed start, Thursday, Dec. 31, on Wall Street on the last day of 2020, a year that saw a breathtaking nosedive in markets in the spring as the coronavirus took hold followed by steady gain...

S&P 500 ends at another record high as tumultuous 2020 ends By DAMIAN J. TROISE and ALEX VEIGA The Associated Press,Updated December 31, 2020, 4:09 p.m. Email to a Friend The New York Stock Exchange.Michael Nagle/Bloomberg Wall Street closed out a tumultuous year for stocks with more record highs Thursday, a fitting coda to the market’s stunning comeback from its historic plunge in the early weeks of the coronavirus pandemic. The benchmark S&P 500 index finished with a gain of 16.3 percent...

“We came into the year expecting slow growth and it turned out to be the fastest bear market recovery in history,” said Sunitha Thomas, national portfolio advisor at Northern Trust Wealth Management. The virus pandemic shocked markets early in the year. The S&P 500 fell 8.4% in February, then plunged 12.5% in March as the pandemic essentially froze the global economy. Businesses shut down in the face of the virus threat and tighter government restrictions. People shifted to working, shoppin...