Dec. 24, 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 (Thursday, December 24, 2020).
All main indexes closed positive in this early-closure day: the S&P 500 was up 0.35%, the Dow Jones 0.23% and the Nasdaq up 0.26%.
Why did the stock market move today?
An historical deal was reached between the European Union and the United Kingdom today that finally provided some degree of certainty to the future relationship between the two, representing the last chapter of the Brexit saga.
Worse news came from the U.S. Congress in relation to the relief bill approval today, since Republicans don’t seem to agree with the stimulus check increase from $600 to $2,000 as demanded by President Trump.
Stock of the day
Investors in Alibaba saw their stocks (NYSE: BABA) fell more than 13% today, after China’s inquiry into alleged monopolistic practices carried out by the e-commerce giant.
That’s all for this Thursday’s stock market update. Stay tuned to receive your daily update!