Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Comic: Vaccine News, Stimulus Hopes To Drive Sentiment In The Week Ahead

EconomyDec 05, 2020 03:46PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

By Jesse Cohen

Investing.com - Stocks closed at new record highs on Friday, with Wall Street posting another weekly gain amid ongoing optimism over Covid-19 vaccine progress and expectations for further stimulus.

The Dow Jones Industrial Average rose 248 points, or 0.8%, to end the day at an all-time high of 30,218. The S&P 500 gained 0.9% to close at 3,699, also a new all-time high. The Nasdaq Composite meanwhile rallied 0.7% to settle at a record 12,464.

Friday’s rally drove the major indexes to their second weekly gain in a row. The Dow and S&P 500 jumped 1% and 1.7%, respectively, while the tech-heavy Nasdaq scored a gain of 2.1% over that time frame.

The market’s rally to record highs comes amid positive Covid-19 vaccine news as well as indications that the Federal Reserve is likely to strengthen its bond-buying program at the next FOMC meeting on December 16.

Investors will be watching fresh vaccine headlines in the week ahead. The Food and Drug Administration advisory committee meets Thursday on emergency use authorization for Pfizer’s Covid-19 vaccine candidate.

Markets will also be tested by a flurry of key U.S. economic data in the coming week, including Thursday’s jobless claims report. There is also CPI and PPI inflation data Thursday and Friday.

In earnings, there are just a few notable companies reporting their latest financial results as the third quarter earnings season winds down, including Costco (NASDAQ:COST), Broadcom (NASDAQ:AVGO), Oracle (NYSE:ORCL), and Adobe (NASDAQ:ADBE).

Comic: Vaccine News, Stimulus Hopes To Drive Sentiment In The Week Ahead
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (10)
Rituraj S Rajput
Rituraj S Rajput Dec 06, 2020 8:31AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Markets rising but reasons are not due to growing GDP, economic strength & increase in jobs.
Rituraj S Rajput
Rituraj S Rajput Dec 06, 2020 8:25AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Instead of growth growing GDP, economic strength & increase in jobs year 2020 has net impact markets rising to well above all times high due to vaccine & stimulus hopes.
Jayendrasinh Gohil
Jayendrasinh Gohil Dec 06, 2020 2:26AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
don't trust vaccine in India many people corona after take trail vaccine
Robert DZ the patterns
Robert DZ the patterns Dec 06, 2020 2:26AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
the vaccine is for sterilization
Leon Kelly
Leon Kelly Dec 05, 2020 11:34PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
AvGO baby
Puttarac Chackri
Puttarac Chackri Dec 05, 2020 11:26PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Everything will fall before the end of this month on. We are 31 years behind Japanese market.
Benjamin Rivkin
Benjamin Rivkin Dec 05, 2020 11:26PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
people like you are saying the market is going to collapse each day since 2008. youre always wrong. market wont collapse until the fed will stop buying, and that wont happen soon.
Thapelo Molebatsi
Thapelo Molebatsi Dec 05, 2020 11:26PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
For the market crash the FED should stop printing money, I don't see that likely happening any time keep selling while we buy
Francesco Lucchesi
Francesco Lucchesi Dec 05, 2020 11:26PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
that's assuming the feds buying keeps working. one day it might suddenly stop working
Roger Teoh
Roger Teoh Dec 05, 2020 8:56PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Eur/Usd buy or sell
Imamul Bhuiyan
Imamul Bhuiyan Dec 05, 2020 8:28PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Gold will buy or sell ?
Lucas Sciacchitano
Lucas Sciacchitano Dec 05, 2020 5:00PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
gold will surge
David Masiker
David Masiker Dec 05, 2020 4:37PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
should be a green week ahead. Also some good IPO's coming out
Vlad Mosessohn
Vlad Mosessohn Dec 05, 2020 4:37PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
What ipo s?
Sergei Silva
Sergei Silva Dec 05, 2020 4:07PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Only hopesnand fluffy sentiments... no real facts and data to support. Winter is coming...
Show previous replies (2)
Jonny Yomtoubian
Jonny Yomtoubian Dec 05, 2020 4:07PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Sergei I really hope you’re trolling if there was ever a time to be in the markets it would be now
Robert Cox
Robert Cox Dec 05, 2020 4:07PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
They said the same in February before the markets dropped to 18k. But the markets then soared based on strong company performances? Oh wait! The market soared based on empty hopes and trillions of dollars of government injections.
Oren TT
Oren TT Dec 05, 2020 4:07PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
but the USD is weak atm, need some understanding how that measures up against the stocks in comparison.
Sergei Silva
Sergei Silva Dec 05, 2020 4:07PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Jonny Yomtoubian a month aho I would agree. Now I think people went too far on hopes and setiments only... lets see how long this is sustainable
Jonny Yomtoubian
Jonny Yomtoubian Dec 05, 2020 4:07PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Sergei Silva might not be sustainable at the moment but why not make money anyway 🤷🏼‍♂️
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email