- US stocks spent most of US trading hours on the defensive, only to rebound sharply at the close.
- The inclusion of Tesla in the S&P 500 Index next Monday distorted the trade.
American stocks They apparently weren’t trading based on the usual themes that have been driving price action lately. Despite the continued positive sounds coming from Capital Hill regarding the progress of congressional leaders and negotiators toward an agreement on increased US fiscal aid and despite expectations that the FDA is on the cusp of Granting the authorization for the emergency use of Moderna’s Covid-19 vaccine, the main US stock exchanges fell from record opening levels to close in the red.
The S&P 500 closed the session down 0.3%, although it recovered sharply from session lows at 3,680 to 3,710 in the last trading hour (not enough to reopen all-time highs at 3,720) . The Nasdaq Composite Index closed 0.27% down and the Dow 0.25% down (but the index remained above 30,000).
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