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Stocks drift mostly lower a day after setting more records

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Stocks are off to a weak start on Wall Street as investors keep a cautious eye on Washington, where lawmakers appear to be getting close to an agreement on supplying more badly needed aid for the economy.

A man walks by an electronic stock board of a securities firm in Tokyo, Wednesday, Dec. 16, 2020. Shares rose in Asia on Wednesday after revived hopes for more aid for the U.S. economy broke a four-day losing streak on Wall Street.

Overnight, the S&P 500 gained 1.3% as investors grew hopeful that Washington can surmount its partisan divide to deliver more aid to the struggling economy. Technology companies powered much of the rally, which helped push the tech-heavy Nasdaq composite to an all-time high. An index of small-company stocks also set a record high.Optimism over the economic outlook is rising as approval for a second COVID-19 vaccine may be imminent.

However, a monthly survey of manufacturers showed conditions improving, with the purchasing managers index at preliminary reading of 49.7 on a scale up to 100 where 50 markets the cut off for expansion. It was a 20-month high for the purchasing managers index of au Jibun Bank. The PMI was at 49.0 in November.Australia’s S&P/ASX 200 advanced 0.7% to 6,679.20 and the Shanghai Composite index was virtually unchanged, at 3,366.98.have been dragging on for weeks.

Another round of financial support from Washington could help carry the economy through what’s expected to be a bleak winter, before vaccines help things get closer to normal next year.

 

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the way you frame the market it odd. Its always as if its a race and not as a financial market that goes up and also down.

Wake up Donald Wake Up Donald WAKE UP DONALD There’s a Nationwide Pandemic &YOUR Administration’s FAILURE TO MANAGE THE FEDERAL GOVERNMENTS RESPONSE HAS NOW resulted in 311,225 US DEATHS AS: 30 Million unemployed lose healthcare WITH RECORD: Bankruptcies, Foreclosures & Evictions

Wake up Don Wake Up Don! WAKE UP DON! There’s a Nationwide Pandemic & YOUR Administration’s FAILURE TO MANAGE THE FEDERAL GOVERNMENTS RESPONSE HAS NOW resulted in 311,225 US DEATHS AS: 30 Million unemployed lose healthcare WITH RECORD: Bankruptcies, Foreclosures & Evictions

horrible

They know Joe is a fraud and they are stuck with him

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