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Britain has no ban on Covid vaccine exports, EU concedes
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Britain has no ban on Covid vaccine exports, EU concedes
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
GameStop shares fall 60 percent as Reddit-fueled rally reverses Sylvan Lane © BRYAN R. SMITH/AFP/Getty Images GameStop shares fall 60 percent as Reddit-fueled rally reverses
The stock market rebounded early Thursday, a day after suffering its worst daily losses in months, while shares of companies favored by Reddit traders plummeted.
The Dow Jones Industrial Average was up more than 550 points shortly before 11:30 a.m., climbing nearly 1.8 percent after a Wednesday loss of more than 600 points. The S&P 500 index was up 1.6 percent, and the Nasdaq composite was up 1 percent.
While most of the stock market steam ahead, shares of companies once favored by Reddit traders fell sharply.
Stocks hit yearly highs on final day of 2020 Sylvan Lane © Getty Images Stocks hit yearly highs on final day of 2020
The stock market closed Thursday with major U.S. indexes closing at yearly highs after a whipsaw 2020 of stunning losses and surprising gains.
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The Dow Jones Industrial Average rose roughly 200 points to finish at a record high of 30,606.48. The S&P 500 index rose 0.6 percent to a 52-week high of 3,756.07, and the Nasdaq composite eked out a gain of 0.1 percent, remaining near new record highs set earlier in the week.
Thursday closed the book on a tumultuous but incredibly successful year for stocks, which have set and shattered a series of record highs throughout most of 2020.
Stocks inch up heading into Christmas Niv Elis
Markets on Thursday closed slightly up after a shortened Christmas Eve trading day.
The Dow Jones Industrial Average closed up 70 points, or 0.2 percent, and the S&P 500 finished up 13 points, or 0.4 percent. The NASDAQ was similarly up 34 points, or 0.3 percent.
Markets closed at 1 p.m. Thursday for the holiday, and will not reopen until Monday.
The final days of December tend to be good for stock markets, in a phenomenon known as the Santa Claus Rally. The average return over the seven-day period over the past 70 years has been 1.33 percent, according to LPL Financial.
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