US stocks rose on Wednesday to just below record levels as investors bet on a strong economic recovery in 2021 on the back of COVID-19 vaccine rollouts and hopes for more fiscal support.The stock market finished just below the record levels set on MondayNear-term expectations of bigger stimulus checks dimmed after Senate Majority Leader Mitch McConnell blocked a quick vote to back President Donald Trump's call to increase COVID-19 relief checks.
"It will be hard to get something passed with a lame duck Congress — let the calendar roll over and see what happens there," said JJ Kinahan, chief market strategist at TD Ameritrade.Optimism over vaccine rollouts was boosted after Britain approved the emergency use of AstraZeneca and Oxford University's COVID-19 vaccine, which will start being administered on Monday.
"At some point we are going to start to have volatility again that is related to COVID; this is not a story that is going away in the first six months of 2021," Mr Kinahan said.The S&P 500 gained 4.61 points, or 0.12 per cent, to 3,731.65 and the Nasdaq 25.96 points, or 0.2 per cent, to 12,876.18.
Faith in Biden then?
The world is broken!
As economy FAILS! What cost RichMensGambling ?
Drug companies, baby.
National debt a fraud! Debt deficit lies rich use to reign in govt keep us in dent to them! $4 trillion owed to foreign bond holders. Rest noting but journal entries one dept owes another instead of taxing real wealth across country!