Dow snaps 4-session win streak and Nasdaq Composite logs 49th file closing excessive of 2020 amid COVID spike

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Dow snaps 4-session win streak and Nasdaq Composite logs 49th file closing excessive of 2020 amid COVID spike

Posted by: Market Watch in Market Information 27 minutes in the past U.S. shares principally ended decrease Monday as worries about rising


U.S. shares principally ended decrease Monday as worries about rising instances of COVID-19 weighed on traders’ psyche, a session in spite of everything three main benchmarks booked all-time closing highs on the identical day. New restrictions delivered a pause to the bullish investing temper, with social-distancing measures imposed in California. In the meantime, a scarcity of progress on a recent spherical of stimulus support additionally sapped some power from patrons on Wall Avenue and drove them into large-capitalization progress names which have principally led the post-pandemic restoration in shares. The Dow Jones Industrial Common ended off 150 factors, or 0.5%, at about 30,070, the S&P 500 index completed the day 0.2% decrease at round 3,692, whereas the Nasdaq Composite Index booked its 49th closing file of 2020, up by about 56 factors, or 0.5%, to about 12,519. Market Pulse Tales are Fast-fire, brief information bursts on shares and markets as they transfer. Go to MarketWatch.com for extra data on this information.

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