European stocks recover from rout, mixed day for Wall Street

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Bourses in London, Paris, and Frankfurt all advance on Tuesday, December 22. In the US, the Nasdaq closes at a fresh record, but the Dow and S&P 500 finish lower.

"Worry over the impacts of the virus and the subsequent new restrictions are tamping down some of the early enthusiasm that came amid passage of a long-awaited fiscal relief and government spending package," Schwab analysts said.falling for a second straight month, while existing home sales fell for the first time in 6 months, more signs of the drag from the rising coronavirus cases.

"Consumers' assessment of current conditions deteriorated sharply in December, as the resurgence of COVID-19 remains a drag on confidence," The Conference Board's Lynn Franco said in a statement on the consumer data. David Kelly at JPMorgan Asset Management said the US stimulus bill"will help some workers and businesses get through the winter, but it will do little to accelerate the arrival of an economic recovery."

Among individual companies, Apple jumped 2.9% amid reports the tech company aims to launch its autonomous car in 2024.sued the retail giant over its role in the opioid crisisWalmart said the charges were baseless and an effort by authorities to shift blame away from their role in the debacle.to its order, saying the transaction would move it toward a single fleet that would be more efficient and cost-effective. Boeing dropped 0.2%.New York - S&P 500: DOWN 0.2% at 3,687.

 

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