Monday 23 November 2020: In more detail: US equity markets closed the week on the back foot
Nov 22, 2020 ·
7m 6s
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In more detail: US equity markets closed the week on the back foot amid a growing number of state-level shutdowns to combat rising coronavirus cases and as U.S. Treasury Secretary...
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In more detail: US equity markets closed the week on the back foot amid a growing number of state-level shutdowns to combat rising coronavirus cases and as U.S. Treasury Secretary Steven Mnuchin announced late Thursday (19 November) that he would allow key pandemic-relief lending programs at the Federal Reserve to expire at the end of the year - Dow lost -220-points or -0.75% to 29,263.48. Boeing Co (down -2.94%) and Salesforce.com Inc (-2.5%) were the worst performing Dow constituents. The broader S&P500 fell -0.68%, with Information Technology (down -1.05%), Industrials (-0.91%) and Financials (-0.88%) leading ten of the eleven primary sectors lower. Utilities was the only primary sector to advance, inching +0.05% higher. Nasdaq -0.42%. The small capitalisation Russell 2000 index inched +0.07% higher. It is a shortened trading week in the US this week given the Thanksgiving Day holiday on Thursday night AEST (26 November). US equity and bond markets will be CLOSED on Thursday night AEST (26 November) and open for a half-day of trading on Friday night AEST (27 November). It is also Black Friday, the unofficial start of the holiday shopping season.
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Author | Morgans Financial Limited |
Organization | Morgans Financial Limited |
Website | - |
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