S&P 500 Rallies to Close the Year at Record High: Markets Wrap
Bloomberg 12/31/2020 Vildana Hajric and Sarah Ponczek
(Bloomberg) U.S. stocks climbed to a record high on the year’s final trading day amid thin trading. The dollar eked out an advance.
The S&P 500 Index and Dow Jones Industrial Average turned positive in the afternoon and ended at all-time highs. Volume was about 15% below average on the S&P. Financial companies were among the best performers, while energy producers slumped. European stocks dipped. Markets in Japan, Germany and South Korea were shut for New Year’s Eve.
Gold posts decade-highest gain, due to low US dollar
Bloomberg
Gold is poised to cap the biggest annual advance in a decade after a tumultuous year, with gains last month aided by the US dollar’s decline to the lowest level since April 2018.
Silver has surged almost 50 percent last year.
Bullion in August last year hit a record as investors sought haven assets amid the COVID-19 pandemic.
A Korea Gold Exchange official displays gold bars at the exchange in Seoul on Dec. 7, last year.
Photo: EPA-EFE
The surge was buttressed by unprecedented waves of stimulus, including from the US Federal Reserve, which fanned concerns of currency debasement.
S&P 500 Rallies to Close the Year at Record High: Markets Wrap
Bloomberg 12/31/2020 Vildana Hajric and Sarah Ponczek
(Bloomberg) U.S. stocks climbed to a record high on the year’s final trading day amid thin trading. The dollar eked out an advance.
The S&P 500 Index and Dow Jones Industrial Average turned positive in the afternoon and ended at all-time highs. Volume was about 15% below average on the S&P. Financial companies were among the best performers, while energy producers slumped. European stocks dipped. Markets in Japan, Germany and South Korea were shut for New Year’s Eve.
S&P 500 Rallies to Close the Year at Record High: Markets Wrap
Bloomberg 12/31/2020 Vildana Hajric and Sarah Ponczek
(Bloomberg) U.S. stocks climbed to a record high on the year’s final trading day amid thin trading. The dollar eked out an advance.
The S&P 500 Index and Dow Jones Industrial Average turned positive in the afternoon and ended at all-time highs. Volume was about 15% below average on the S&P. Financial companies were among the best performers, while energy producers slumped. European stocks dipped. Markets in Japan, Germany and South Korea were shut for New Year’s Eve.
U.S. Stocks Climb, Led by Small Caps; Dollar Falls: Markets Wrap
Bloomberg 12/30/2020 Vildana Hajric
(Bloomberg) U.S. stocks climbed, with small-cap shares outperforming in one of the final trading sessions of 2020. The dollar continued its slide, weakening to the lowest in 2 1/2 years.
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Automakers were among the best performers as the S&P 500 Index edged higher, while the Russell 2000 gauge of smaller companies rallied about 1% for its biggest gain in almost two weeks. Travel and leisure companies rose in Europe after the U.K. approved a coronavirus shot by AstraZeneca Plc and the University of Oxford, offsetting pessimism sparked by a slower-than-planned rollout of shots in the U.S. Volumes were light during the holiday week, with trading in S&P 500 shares about 25% below the 30-day average. Bitcoin extended its record-breaking rally as it approached $29,000.