Thursday December 24th 2020
Boeing drops feathers
Wall Street is on Christmas break with Plus
With a small plus, Wall Street says goodbye to the holidays. Real estate stocks and IT papers in particular are among the winners. The trade pact between Great Britain and the EU leaves US investors cold.
The US stock market closed a little higher. The Dow Jones Industrial increased by 0.23 percent to 30,199.87 points. On the other hand, there is a small minus on the weekly basis. The market breadth S&P 500 gained 0.35 percent on 3703.06 points. For the tech-savvy Nasdaq 100 it went up 0.46 percent to 12,711.01 points.
Overall, there was little movement with thin volumes on this trading day, which was shortened by three hours. Most European trading venues had their last trading day before Christmas the day before.
There was no market-moving news from either the corporate or the economic world. The agreement between Great Britain and the European Union on a Brexit trade pact did not move. Biggest winning sectors in S&P 500 were Real estate values and the Information technology. At the bottom of the table were energy stocks that were the only ones to show losses.
Im Dow stand Visa at the top with a premium of more than one and a half percent. The aircraft manufacturer’s papers Boeing lost more than one percent at the end of the index. The euro traded at $ 1.2183 after the market closed. The European Central Bank (ECB) set the reference rate at 1.2193 (Wednesday: 1.2166) dollars and the dollar cost 0.8201 (0.8220) euros.
The ten-year futures contract US Treasuries (T-Note-Future) rose by 0.08 percent to 137.91 points. The ten-year bond yield was 0.926 percent.