Dow Closes Up in Slow Session as Stimulus on Pause


© Reuters.

By Christiana Sciaudone – 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.

Disclaimer: Fusion Media would like to remind you that the data on this site is not necessarily real-time or accurate. All CFDs (stocks, indices, futures) and Forex prices are not provided by stock exchanges but rather by market makers and therefore the prices may not be accurate and may deviate from the actual market price, which means that the prices are indicative and not suitable for commercial purposes. Fusion Media therefore bears no responsibility for any trading losses you may suffer as a result of the use of this data.

Fusion Media or anyone involved in Fusion Media assumes no responsibility for any loss or damage resulting from reliance on the information, including data, offers, charts and buy / sell signals contained on this site. Be fully informed about the risks and costs associated with trading in the financial markets, it is one of the most risky forms of investment.

Source link


Please enter your comment!
Please enter your name here