On Thursday U.S. stocks wobbled signaling a muted finish to a year that saw the major indexes contract sharply in the spring before snapping back to cinch record highs. The S&P 500 opened 0.1% lower and the Dow Jones Industrial Average fell 12 points, less than 0.1%, indicating that gauges may take a breather in the final day of trading for 2020.
On Monday the global tally for confirmed cases of the coronavirus-borne illness COVID-19 was edging toward 81 million, while the U.S. covid case tally topped 19 million, and experts warned the next few weeks will be hard after many Americans traveled over the Christmas holiday.
On Monday US stocks tumbled at the opening bell in New York as worries over a new variant of the Covid-19 overshadowed the news of a second pandemic relief bill that was agreed to in Washington late Sunday.
On Friday Wall Street stocks resumed their downward trend on worries about rising coronavirus cases and the upcoming US presidential election. The drop also followed a trove of earnings from technology heavyweights such as Amazon, Apple, and Facebook. Most of the tech giants fell early Friday despite solid results.
On Monday US stocks fell sharply as surging covid-19 cases and a stalemate in Washington over the next fiscal aid bill darkened the economic outlook in the run up to the Nov. 3 presidential election.
Dow futures were pointing to an over 350 point drop at today’s open following the overnight announcement that U.S. President Donald Trump and first lady Melania Trump tested positive for coronavirus.
On Wednesday Wall Street stocks rose on good jobs data and revived hopes for a US stimulus package as markets digested a contentious presidential debate. About 45 minutes into trading, the Dow Jones Industrial Average was up 1.3 percent at 27,803.29.