In overnight trade, the S&P 500 and Dow Jones closed higher as an expected stimulus deal and falling jobless claims prompted investors to bet on economic recovery. However, the tech-heavy Nasdaq ended slightly lower. Dow Jones Industrial Average rose 0.38 per cent, the S&P 500 gained 0.07 per cent and the Nasdaq Composite dropped 0.29 per cent. A raft of mixed US economic data showed lower jobless claims and an uptick in new orders for durable goods, but also a pullback in consumer spending. Britain and the European Union appeared close to clinching a long-elusive trade agreement, raising hopes that they were now set to avoid a turbulent economic rupture on New Year’s Day. According to a media report, the announcement of UK-EU trade deal is expected Thursday morning.
New COVID-19 wave in Kerala? State emerges with most cases, deaths for the past week
A new wave of infections is said to have hit Kerala, with the state accounting for about 23 per cent of the 167,221 cases reported over the past week
BusinessToday.In | December 24, 2020 | Updated 20:06 IST
India has recorded a second week with fewer than 200,000 new coronavirus cases being reported in the country. Having said that, as the pandemic seems to be curbing on a national level, one of the otherwise best performing states - Kerala - is seeing the condition worsen in terms of pandemic management.
A new wave of infections is said to have hit Kerala, with the state accounting for about 23 per cent of the 167,221 cases reported over the past week. While other states are seeing a slowdown, the opposite is being observed in Kerala. In early December, both Kerala and Maharashtra had a share of 13 per cent.
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