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

Dow Closes Up in Slow Session Amid Brexit Deal, Stimulus

Stock MarketsDec 24, 2020 01:36PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.

By Christiana Sciaudone

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

The Dow Jones Industrial Average rose 0.24%, or 71 points. The S&P 500 was up 0.39%, while the Nasdaq Composite increased 0.26%.

Republicans and Democrats in the U.S. House of Representatives blocked attempts to alter a $2.3 trillion aid and government spending package, which was unanimously passed by Congress on Monday. Democrats aimed for quick passage of legislation providing $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 the UK and EU finally hammering out a Brexit deal, years later and moments before the deadline. 

Financials, industrials and energy stocks were the worst performers, while technology was the best, with the exception of Alibaba (NYSE:BABA), which slumped 13% after China said it is investigating the company for anticompetitive practices. Shares are down 30% since hitting all-time high in October. Alibaba, built by billionaire Jack Ma, said it will cooperate with regulators.   

Markets closed at 1:00 PM ET on Thursday and will be closed for Christmas holiday on Friday. See you Monday!  

Reuters contributed to this report.

 

Dow Closes Up in Slow Session Amid Brexit Deal, Stimulus
 

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 (3)
Adi Elfenbein
Adi Elfenbein Dec 24, 2020 4:03PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Yeah lets gove 850billion to 15 countries but not help americans that wont work
Joel Schwartz
Joel Schwartz Dec 24, 2020 4:03PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Oh boy you’re going to hate when you find out how much we spend on the military every year.
Yep YepYepYep
Yep YepYepYep Dec 24, 2020 2:35PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Biden won. Get over it.
Chris Mallory
Chris Mallory Dec 24, 2020 2:04PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Looks like Pence will reject the fraudulent ECV on Jan 6. Each state will get 1 vote and Trump will win the election.
jonse leno
Jonse85 Dec 24, 2020 2:04PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Write your dreams here... lol
Joel Schwartz
Joel Schwartz Dec 24, 2020 2:04PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
That just sounds like a coup with more steps.
 
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