ahead of the closely-watched Labor Department jobs report on Friday, December 4.
Markets have also monitored ongoing stimulus talks on Capitol Hill that have lifted hopes of a new spending package before the end of the year. "In general, the market is acting rationally in looking ahead to the other side of this," Art Hogan, chief market strategist at National Securities, said of the market's strength.stress hospital capacity, resulting in further business shutdowns.
"The narrative about how the market is feeling optimistic about 2021 recovery prospects because of the arrival of COVID vaccines is growing a bit tired, yet market participants have been given a stimulant with the increased buzz on Capitol Hill about the need to get another stimulus package done soon," said market analyst Patrick J. O'Hare at Briefing.com.
Meanwhile the pound surged to its highest level in a year, briefly rising above $1.35, after a government official expressed confidence on reaching a post-Brexit trade deal with the European Union.New York - S&P 500: DOWN 0.1% at 3,666.72 Frankfurt - DAX 30: DOWN 0.5% at 13,252.86 Tokyo - Nikkei 225: FLAT at 26,809.37 Euro/dollar: UP at $1.2147 from $1.2115 at 10 pm GMTEuro/pound: DOWN at 90.28 pence from 90.65 penceBrent North Sea crude: UP 1% at $48.
The low for BA was $89 and the news was announced last Wednesday which reflected today.