Dow, S&P 500, Nasdaq end at record highs as Trump signs COVID aid package

[F-22Raptor]

Major U.S. equity indexes on Monday wrapped up trade at all-time highs as investors drew optimism from President Donald Trump ending a standoff over the weekend and signing a coronavirus aid bill that will soon send direct payments to Americans.

Markets will end the week on Thursday due the New Year’s holiday on Friday.

What are major indexes doing?

• The Dow Jones Industrial Average DJIA closed up 204.10 points, or 0.7%, to conclude at a record at 30,403.97. The blue-chip benchmark briefly climbed to 30,525.56, its first intraday record in 10 days.
• The S&P 500 SPX added 32.30 points, or 0.9%, to 3,735.36, finishing at an all-peak after booking an intraday record high at 3,740.51.
• The Nasdaq Composite COMP climbed 94.69 points, or 0.7%, to 12,899.42, and finished at its own record high after touching an intraday peak at 12,930.89.
• 
  https://www.marketwatch.com/story/d...fter-trump-signs-stimulus-package-11609156827

 

[thewayoftheworld]

The majority of America don't have any discretionary income in the market. So stock market highs doesn't really matter. Homeless is on the rise.

 

[Hamartia Antidote]

The majority of America don't have any discretionary income in the market. So stock market highs doesn't really matter.

Over 50% of Americans have money in the stock market. Whether that is retirement or discretionary income...money is still money.

Homeless is on the rise.

Half of the homeless are in California even though it only has 11% of the US population. So they obviously have problems.

 

[Hamartia Antidote]

Dow rises for the fourth time in five days, ekes out record closing high

Stocks rose slightly on Wednesday amid renewed vaccine optimism while traders looked for clues on additional fiscal stimulus.

www.cnbc.com