U.S. stocks finished higher Thursday, with two major indexes setting new records as investors rung out a tumultuous year that saw equities collapse into a bear market before rebounding to all-time highs.
The equity market wasn’t the main conduit for the response to the pandemic and social unrest that emerged in 2020, but it was one way that Wall Street interpreted the pace of the rapidly spreading contagion and the human ingenuity that rapidly brought about remedies and cures to combat COVID-19.
Oil futures end 2020 on a positive note, but suffer a hefty yearly fall, only partially recovering from the hit to crude demand from the COVID-19 pandemic.
The U.K. National Health Service has pushed back the window for people to receive the second dose of the coronavirus vaccine made by Pfizer and BioNTech — to a duration the companies tested on only a small percentage of patients.
U.S. Treasury yields see modest moves on Thursday to close out the final trading session of a year marked by a global viral epidemic and extraordinary fiscal and monetary policy.
President-elect Joe Biden and Vice President-elect Kamala Harris are planning to return to Georgia to continue supporting Democratic Senate candidates Jon Ossoff and Rev. Raphael Warnock before Tuesday’s crucial runoff elections.
European stocks declined on Thursday, dragged down by a 1.7% fall of the FTSE 100 index a few hours before the U.K. leaves the EU’s single market and customs unions.
U.K. Prime Minister Boris Johnson and European Union leaders formally signed on Wednesday the trade treaty they concluded last week after 10 months of tough negotiations.
After seven years of negotiations, the European Union and China agreed in principle on a landmark investment treaty that the 27-member bloc says will level the playing field for European investors in China.
Ahead of Georgia’s two Senate runoff elections on Tuesday, betting markets are signaling some confidence in the Republican Party’s prospects, while polls give a slight advantage to Democrats.
U.S. stocks were little changed Thursday, with major indexes trading near records as investors ring out a tumultuous year that saw equities collapse into a bear market before rebounding to all-time highs.
“We’ve got enough of this vaccine on order to vaccinate the whole population — 100 million doses,” said the U.K.’s health secretary, Matt Hancock, on Wednesday.