Stocks are closing at record highs Monday as Wall Street entered the final week of 2020
NEW YORK — Stocks began the final week of 2020 with more gains Monday, nudging the major U.S. indexes to record highs.
The S&P 500 climbed 0.9%, powered by gains in technology, communication services and consumer discretionary stocks. Companies that were hit the hardest by the pandemic, including restaurants, airlines and cruise operators, were among the biggest gainers. Treasury yields were mixed.
The broad rally came as investors welcomed the decision by President Donald Trump to sign a $900 billion coronavirus economic aid package. The package also includes $1.4 trillion to fund government agencies, averting a federal government shutdown that otherwise would have started Tuesday.
The latest gains add to what has been a strong, record-shattering run for the stock market in…
Source news reuters.com, click here to read the full news.