Stocks Today: 12.18.2020 – stock market update

Dec. 18, 2020

Good evening everyone! Welcome to a new episode of “Stocks Today”, explaining what forces moved the stocks in the U.S. equity market today (Friday, December 18, 2020).

On this quadruple witching day, stocks took a break from the week’s wide spread optimism.

The S&P 500 closed down 0.35%, the Dow Jones down 0.41% and the Nasdaq down 0.071%.

Why did the stock market move today?

Despite the race seen this week in order to get a relief bill approved, a deal on the stimulus package hasn’t been reached yet. The unsatisfactory result of another week without a deal pulled stock prices down today.

Stock of the day

Investors in Unity Software Inc. saw their stocks rise today, following the news that the company partnered with Snap (the parent company of Snapchat) to support its ad and game platforms.

The stocks of the video game software development company (NYSE: U) jumped 4.3% today, closing at $ 157.77.

That’s all for this Friday’s stock market update. Stay tuned to receive your daily update!