The Dow closed at 30,179.05 points, down 124.32 points. Investors sell their shares to make a profit – new round of stimulus measures.
Today (19 Dec’20) Dow Jones New York Stock Market closed down last night (18 Dec) as investors sell their stocks for profit. After the Dow, S & P500 and Nasdaq rose to all-time highs during the open session. Technology stocks in the S & P500 index slowed the market the most after leading the market this week. While looking forward to Congress to approve a new round of stimulus measures
The Dow Jones Industrial Average closed at 30,179.05, down 124.32 or -0.41%, the S & P500 closed at 3,709.41, 13.07, or -0.35%, and the Nasdaq closed at 12,755.64, down 9.11 or -0.07% this week. The Dow gained 0.4%, the S & P500 rose 1.3% and the Nasdaq rose 3.1%.
The market has been pressured by uncertainty over a stimulus deal affected by COVID-19. It is increasingly likely that the US Congress will not be able to reach a new $ 91 billion economic recovery agreement by Friday’s deadline. Instead, it may instead approve the Third Interim Budget Act to allow the US government to continue operations without shutdowns after midnight on Friday.
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