Dec 30, 2020 22:47 GMTFXStreet News
The S&P 500, Nasdaq Composite and Dow Jones Industrial Average all closed higher on Wednesday.
Markets were quiet and conviction was lacking as the end of the year approaches.
US fiscal stimulus politics remains in focus.
The S&P 500 closed 0.18% higher, the Dow Jones Industrial Average 0.26% higher and the Nasdaq Composite Index 0.17% higher. Trading conditions were thin on Wednesday, with a lack of any real conviction in the market.
The S&P 500 index managed to climb back above the 3740 mark during early trade but was unable to get as high as Monday’s record levels above 3750. Meanwhile, the Nasdaq briefly popped back to the upside of the 12900 level but was unable to match Monday’s highs above 12960 and the Dow briefly climbed above 30500 before slipping back towards 30400.
Gold rises as dollar weakens despite delayed U S stimulus vote reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
US stocks pushed to new heights on Wednesday as the dollar retreated, while European equities fell as tighter lockdowns dampened enthusiasm over another vaccine receiving its first approval.
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This is Stephen Schmidt from the Gazette digital news desk and I’m here with your update for Wednesday, December 30th.
As was foretold, a whole lot of snow fell on Tuesday evening. In Eastern Iowa, recorded snow totals ranged from as low as 4 inches to as heavy as a foot of snow in some areas. According to the National Weather Service, Wednesday will be comparatively much calmer, with an eventual partly sunny sky and a high of 24 degrees. Watch for some blowing snow, however, as a 10 to 15 mph wind could gust as high as 25 mph.
Congress should pass Puerto Rico statehood bill
As most people focused on Arizona’s presidential election results, there was another candidate on the ballot who could have an outsized influence on the future of American politics for decades to come. Democratic Rep. Raúl Grijalva of Arizona successfully ran for re-election and is expected to retain his position as chairman of the House Committee on Natural Resources. This is the very committee responsible for moving legislation regarding Puerto Rico statehood.
On November 3, as the mainland voted for president, Puerto Rico held its third vote in less than ten years regarding its political status. And for the third time, Puerto Ricans voted in favor of statehood for the island. More Puerto Rican voters supported statehood than the candidate on the ballot who received the most votes, by over 100,000 votes, showing that support for statehood on the island transcends political parties and has broad support.