Dow Closes Up in Slow Session as Stimulus on Pause

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© Reuters.

By Christiana Sciaudone

Investing.com – Dow closed higher after a shortened session on Christmas Eve, with tech stocks winning as the long-awaited stimulus is delayed.

The increase increased by 0.24% or 71 points. It rose 0.39% while it rose 0.26%.

Republicans and Democrats in the US House of Representatives blocked attempts to change a $ 2.3 trillion support and government spending package, which was unanimously passed by Congress on Monday. Democrats are aiming for a speedy review of legislation that provides $ 2,000 in direct payments to Americans after President Donald Trump unexpectedly insisted on the provision.

Things were more productive on the other side of the pond, with Britain and the EU finally hammering out a Brexit agreement years later and moments before the deadline.

Economy, industry and energy stocks were the worst, while technology was the best, with the exception of Alibaba (NYSE :), which fell 13% after China said it was investigating the company for anti-competitive practices. Shares have fallen by 30% since reaching record highs in October. Alibaba, built by billionaire Jack Ma, said it would cooperate with regulators.

Markets closed at 13:00 ET on Thursday and will be closed for Christmas holidays on Friday. See you on Monday!

Reuters contributed to this report.

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