December 16, 2020

December 16, 2020

Stocks rose today, boosted by the Federal Reserve’s latest pledge to support the economy and the apparent progress in U.S. fiscal stimulus negotiations.

 

Dow Jones finished -45 at 30,154

S&P 500 finished +7 at 3,701

NASDAQ finished +63 at 12,658

 

The 10 Year Treasury closed even yielding 0.92%

Oil prices closed up $0.23 ending at $47.85 a barrel

Gold prices closed up $12.90 ending at $1,868 an ounce

 

In the days’ stock news:

 

  • Teladoc was down more than 4% after Business Insider reported that Amazon was working on a business that would provide medical care to workers at major companies. The effort would include providing primary care online, according to the report.
  • GoDaddy advanced more than 2 % after GoDaddy said it is acquiring payment company Poynt. Under the terms of the agreement, GoDaddy will pay $320 million in cash and $45 million in deferred cash payments subject to certain factors over three years. The deal is expected to close in the first quarter of 2021.

 

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