The U.S. stock exchanges spent the last session of their most tumultuous year doing what has become routine in 2020: Setting records.

The Dow Jones Industrial Average rose by 196.92 points, or 0.7%, to 30606.48, registering its 14th consecutive rise after a relatively quiet pre-holiday session.

The S&P 500 recorded its 33rd consecutive profit. This year, unemployment reached a record high of 24.03 points, or 0.6%, to 3,556.07. Unemployment has risen over the years. The Nasdaq Composite scored 18.28 points, or 0.1%, to 12888.28, missing its 56th closing. Closing the record by 10 points.

In the end, the three main indices close with more than 100 records in 2020, ending a chaotic year with a victory. The Dow will increase by 7.2% in 2020. The S&P 500 rose by 16%, the Russell 2000 Small Cap Index rose by 18% and the Nasdaq rose by 44%.

If we add this profit to 2019, the S&P and Nasdaq have had their two best consecutive years since 1998 and 1999 – the peak of the dot-com boom. For Dow industrialists, this is the best two-year series since 2017.

Given the difficulties of the year, many investors ran out of luck and scratched their heads, he said.

Michael Arone,

Strategist at State Street Global Advisors. Over the years, company profits have fallen, while turnover growth has stagnated.

I love it, he says.

The last session closed an eventful year in which stocks rebounded despite the economic downturn of the coronavirus pandemic in March. The unprecedented measures taken by governments and central banks to support the economy have encouraged investors to focus on growth prospects despite the economic chaos.

The fund managers hope that the widespread introduction of vaccines will allow a return to normal social and business activities, which will contribute to an economic recovery in the coming year.

According to new data released Thursday, 787,000 Americans died in the week ending the 26th. December submitted its first application for unemployment benefit, an increase of 806,000 in the previous week.

If you look at the whole year, you’ll see that politics drowned the black swan.

Carsten Brzeski,

Global Head of Macro Research at ING Group.

According to Brzeski, the strong recovery in recent weeks reflects investors’ optimism about next year’s outlook. Hopefully we will see this synchronous global recovery in 2021.

Risky assets and shares increased, as did large technical inventories.

Tesla Inc.

Increased by 743% this year.

Zoom Video Communications Inc.

396% was reached. The apple rose by 81%.

Amazon

76% added.

The exchange-traded iShares iBoxx Junk Bond fund increased by 4.1% during the year. Bitcoin, a digital currency, jumped 300 percent on Thursday to trade above $29,000 for the first time in its history.

Some of the biggest fears of the year – hope for vaccines, uncertainty over the November presidential election, deteriorating trade relations between the United States and China and the outcome of the UK’s negotiations with the European Union for a new trade agreement – have disappeared in recent weeks, according to investors.

It’s all ready now, Mr. Brzeski said. It’s time for the market players to relax and get back on their feet.

http://server.digimetriq.com/wp-content/uploads/2021/01/U.S.-Stocks-Notch-Records-in-Final-Trading-Day-of-2020.5.jpeg

The Nasdaq Composite Index posted its best annual results since 2009.

Photo:

Michael Nagle/Bloomberg News

Tribune Publishing Co.

rose 7.1% to $13.70 after the Wall Street Journal reported that a hedge fund with a large stake is trying to buy the newspaper chain.

Actions

Enphase Energy Inc.

rose 1.5% to $175.47 after S&P announced Dow Jones will begin trading in the 7th quarter. January will replace Tiffany in the S&P 500 Index. Purchase of Tiffany’s

LVMH Moët Hennessy-Louis Vuitton.

On the bond markets, the yield on 10-year Treasury bills fell from 0.926% Wednesday to 0.913%. In 2020 it fell by almost one percentage point, the largest annual decline since 2011 and the second annual decline in a row.

Gold closed 2020 at $1,893, an increase of 25%. This is the best annual profit for metals since 2010. The increase of 48% in gold in 2019 and 2020 is the best performance in two years since 2010.

One of the few losers this year is oil. Nymex roughly fell 21 percent to $48.52, the worst annual decline since 2018 and the second consecutive year of losses in the past three years.

Abroad, the pan-continental Stoxx Europe lost 600 0.3%. In the UK, the FTSE 100 index fell by 1.5% after the UK government announced tighter restrictions across the UK as a result of the rising infection rate of Covid 19.

In Asia, China’s Shanghai Composite was 1.7% higher at the close of trading and Hong Kong’s Hang Seng was 0.3% higher.

Investors are investing more in renewable energy sources such as solar and wind energy than ever before. The WSJ examines how the pandemic, falling energy costs and global politics have led to this meeting and whether it can be continued.

Email Caitlin Ostroff at [email protected] and Paul Vigneault at [email protected]

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