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Tek and Trump helped drive equity markets in the U.S. to new heights as 2020 ebbs.
Wall Street rallied from the start at the beginning of the last week of the year, and new records have been set in the major US stock indices.
Apple raised the Dow Jones Index and the stock was up 3.58 percent at Monday’s closing time. Among Nasdaq companies, Amazon did well, up 3.51 percent after the end of the trading day.
All major Wall Street indexes hit new records already in the first few minutes, he writes CNBC.
Here’s what it looks like when the New York Stock Exchanges close on Monday:
- Dow Jones rises 0.68 percent
- Nasdaq Composite rises 0.74 percent
- S&P 500 up 0.87 percent
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Aircraft stocks were among those that stood out in early trading, with a rise for several large US airlines.
But when trading ended on Monday, Macy’s remained the big winner in the S&P 500 index. The department store chain’s share rose 8.62% on the historic day of the exchange.
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Alibaba reversed the recession
Also in Asia, the crisis package in the US sent equity markets higher on Monday morning. Here at home, the Oslo Stock Exchange ended the trading day with the Main Index at a record high.
On Christmas Eve, it emerged that the Chinese authorities launched an investigation into the Alibaba Group on suspicion of monopolistic activities.
The e-commerce giant plunged more than 13 percent in New York on Christmas Eve and the slide continues on Monday. At the open, the stock fell about 2 percent, but was up 0.26 percent at the close..
The shares fell nearly 8 percent on the Hong Kong Stock Exchange in the morning.
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