Tuesday, 08 Dec 2020 07:27 AM MYT
On Wall Street, the US benchmark S&P 500 slipped 0.2 per cent, retreating from its recent record high, but the Nasdaq posted a record closing high as investors snapped up mega-cap growth stocks. “It is just kind of a waiting game, we are waiting to see if there is going to be any stimulus attached to this funding bill,” said Ross Mayfield, investment strategy analyst at Baird.The Dow Jones Industrial Average fell 148.47 points, or 0.49 per cent, to 30,069.79, the S&P 500 lost 7.16 points, or 0.19 per cent, to 3,691.96 and the Nasdaq Composite added 55.71 points, or 0.45 per cent, to 12,519.95.
British and EU leaders will meet face-to-face to try to seal a post-Brexit trade deal after failing again to narrow their differences yesterday.Sterling fell in a sentiment reversal from Friday when the British currency rose to a 19-month high against the dollar.Investors also await an EU summit starting on Thursday to break an impasse over a 1.8 trillion-euro coronavirus aid package, as well as the last European Central Bank policy meeting of the year on the same day.