Stocks rise on Wall Street as S&P 500 hits record high

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The Standard & Poor's 500 rose to a record high Friday as investors continue to look forward to the distribution of a COVID-19 vaccine and relief for the global economy.

for the first time, rose 37.90 points, or 0.1%, to 29,910.37. The Nasdaq gained 111.44, or 0.9%, to 12,205.85.Healthcare companies also posted solid gains. Moderna jumped 16.4% and Pfizer rose 1.9%. The two companies earlier this month released results showing their COVID-19 vaccine candidates were highly effective in tests. The shares got a boost Friday after a competing vaccine suffered a setback.

The disease has killed more than 1.4 million people worldwide and there are 61 million confirmed cases, according to data gathered by Johns Hopkins University.. Many retailers are beefing up their safety protocols, moving their doorbuster deals online and offering curbside pickup options as a last grasp at sales before the year ends.

Tech shares have led the market’s climb back from its plunge in March as investors bet giants such as Apple and Microsoft will keep raking in the profits whether Americans are forced to stay home or the economy begins to return to something resembling normalcy. Apple rose 0.5%.

 

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This says nothing about how bad the economy is for most people.

Well duh. We’re seeing a mass transfer of money from middle class businesses to the wealthy corporations. That’s the plan, wake up everyone.

Thank you Trump

Tell that to the hungry Americans who have no food, housing and basic necessities. This is BS! Markets seem to be the trend in diaperdonald world not in the average Americans pocket!!!

BidenBoom Thank you JoeBiden

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