Alan Rechtschaffen, Senior Portfolio Manager at UBS Wealth Management advises investors to look for “positivity, potus, powell, pathogens and preparation” in the next year’s markets.
US Equity Futures Trading is mixed ahead of this year’s final opening bell on Wall Street.
All three futures indices trade with very little movement. The Dow hasn’t changed much. The Nasdaq is 0.1% higher.
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It will be a full trading day on the last day of 2020.
Traders will get one last one Economic report To end the year in initial form Unemployed claims For the past week. Watch for an increase of 30,000 to 833,000. Continuing claims, which track the total number of unemployed people receiving benefits, are expected to rise slightly to 5.39 million. This is higher than the previous week’s reading of 5.338M, which was the lowest since March 21.
In Europe, the FTSE in London is down 1.4% and the French CAC Index is down 0.4%. German markets are closed.
Gold and oil adjust to 2023 energy boom in raw materials
In Asia, the Hang Seng in Hong Kong is up 0.3%. China’s Shanghai Composite Index rose 1.7%. Trading in Tokyo is closed.
The Tokyo Stock Exchange recorded the end of the year’s trading Wednesday, with the Nikkei index dropping 0.5%, and trading will not open until Monday next week. Global markets will be closed on New Year’s Day.
| ribbon | Safety | the last | They change | They change% |
|---|---|---|---|---|
| I am: DJI | Dow Jones averages | 30409.56 | +73.89 | + 0.24% |
| SP500 | Standard & Poor’s 500 | 3732.04 | +5.00 | + 0.13% |
| I: COMP | Nasdaq Composite Index | 12870.001613 | +19.78 | + 0.15% |
On Wall Street, stocks made modest gains on Wednesday, keeping the major stock indexes on Wall Street at or near record levels.
Energy and materials companies led the gains. Industrial and financial stocks also had a strong showing. Small cap stocks once again outperformed their larger competitors, in a sign that investors are feeling more optimistic about the economy.
The Standard & Poor’s 500 rose 5 points, or 0.1 percent, to 3,732.04. The Dow Jones rose 73.89 points, or 0.2%, to 30,409.56 points. The Nasdaq Composite Index rose 19.78 points, or 0.2%, to 12,870.
Before the last day of trading in 2020, the S&P 500 is up 15.5% this year, while the Nasdaq is up 43.4%.
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In energy trade, US benchmark crude fell 18 cents to $ 48.22 a barrel.
The Associated Press contributed to this report.
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