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  • Wall Street wrapped up a wild year Thursday, with the Dow and S and P 500 closing at record highs.

  • Stocks made solid two spectacular gains in 2020 despite Thea, pending of the economy by co vid 19 back in March has lockdowns went into effect, The longest bull market in history ended abruptly with the S and P 500 plunging 35% from its peak.

  • But the index has since bounced back nearly 70% driving the markets north.

  • The popular Fang stocks Facebook, Apple, Amazon, Netflix and Google Parent Alphabet.

  • For the year, the NASDAQ rocketed a whopping 44% the S and P 500 gained 16% and the Dow added 7%.

  • Invesco chief global market strategist Kristina Hooper is key.

  • Take away for investors in 2020 and this has been a Fed fueled a giant, fed fueled rally that we've experienced really for the last nine or so months on.

  • And to me, that is the greatest lesson of 2020 is that even when you don't have visibility, as long as the Fed steps in your likely toe, have a good year for stocks.

  • On Thursday, the Dow and S and P 500 gained two thirds percent and the NASDAQ added 1/10 percent.

  • Shares of Tribune Publishing jumped 7%.

  • Hedge fund Alden Global Capital is seeking to take full control of Tribune in a deal that values the newspaper chain at $521 million.

  • ExxonMobil shares declined the energy giant signal it'll take an asset write down of up to $20 billion.

  • The markets will be closed Friday in observance of New Year's Day.

Wall Street wrapped up a wild year Thursday, with the Dow and S and P 500 closing at record highs.

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Dow, S&P end wild year at record highs

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    林宜悉 posted on 2021/01/02
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