Name: Nasdaq hits record high, S&P 500 ends lower
Uploaded: 2020-12-04T19:06:21.000Z
Duration: 2 min 6 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

On Wall Street Thursday, the Dow rose 85 points, the S and P 500 dipped two points.

After touching an intraday record high, the NASDAQ tacked on 27 points to close at a lifetime high.

The market had been much stronger for most of the session, but a late day headline about Pfizer let some of the steam out of the rally fighters reportedly cutting planned shipments this year of its cove in 19 vaccine by half, according to the Wall Street Journal.

The Pfizer news is a reminder of the risks facing the market.

Aryan Bogdani is an investment strategist at MV Financial.

A lot of investors are forgetting that there is still a timeframe before vaccines are distributed before people are back to the world is back exactly the way it was.

We're still going to see pain, play out in the economic numbers and potentially shocked the market, and then we're gonna see volatility.

Economic data released Thursday fueled concern jobless claims remain stuck above the peaks of the financial crisis.

712,000 Americans signed up last week for new unemployment benefits.

More than 20 million people receive jobless assistance in mid November.

And in another worrisome sign, theist itude for supply Management's monthly survey of the massive US services sector fell to its lowest reading since May.

Bad news for theater chains Warner Brothers Studio said it will debut all its films next year in theaters and on the HBO Max streaming service.

On the same day, AMC, the world's largest theater operator, slumped roughly 16%.

It was an even bigger drop for Cinemark, which tumbled 22%.

But on the upside, Boeing, the embattled aerospace giant, had its first major order for the 7 37 max since the plane was grounded 20 months ago due to two fatal crashes.

 Spirit AeroSystems, a major Boeing supplier, jumped 7.5%. 

Subtitles ListPlay Video

Nasdaq hits record high, S&P 500 ends lower

stick

massive

crisis

potentially