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House Passes Stopgap Funding Bill to Avoid Shutdown
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Asia shares retreat from record, but U S stimulus hopes buoy market mood
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Dow ends 124 points lower as Congress races to avert government shutdown, pass economic relief package MarketWatch 12/18/2020
MARKET SNAPSHOT
Benchmark U.S. stock indexes finished slightly lower Friday, after closing at record highs Thursday, as Washington lawmakers raced to extend a midnight deadline to avert a government shutdown and to pass another pandemic relief package.
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Friday also marked what is known as “quadruple witching day” the date when stock-index futures, stock-index options, stock options, and single-stock futures expire simultaneously, a potential source of volatility.
Tesla Inc. is being included in the S&P 500 at the conclusion of trading Friday and a rebalancing of portfolios likely also added some choppiness to markets, analysts said.
U S Congress seeks stopgap funding bill to avoid gov t shutdown amid coronavirus talks
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GLOBAL MARKETS-Asia shares retreat from record, but U.S. stimulus hopes buoy market mood Reuters 12/18/2020
Popular Searches Pound slips, but Brexit optimism intact for some
By Hideyuki Sano
TOKYO, Dec 18 (Reuters) - Asian shares on Friday slipped from the record they hit a day earlier, but the prospect of a major U.S. coronavirus relief package left some investors still in the mood to pick up stocks and other risk-exposed assets.
MSCI s broadest index of Asia-Pacific shares outside Japan dropped 0.3% from Thursday s record. Still, it s on track for a seventh consecutive week of gains - the longest such streak in about a year.