Modest gains for Standard & Poor's on close

Modest gains for Standard & Poor's on close

The "Standard & Poor's 500" index closed higher in a short session ahead of the Christmas holidays.


Hopes for a better future have doubled after an imminent stimulus agreement, Britain and the European Union agreement, and the distribution of the Corona vaccine.

Modest gains for Standard & Poor's on close


The US House of Representatives voted to thwart President Donald Trump's attempt to introduce amendments to a coronavirus relief package.


And government spending of $ 2.3 trillion, after Trump's insistence on direct payments to Americans of $ 2,000.


This casts doubt on the chances of the president signing the package passed by Congress on Monday to become law and raised the possibility of a partial shutdown of government agencies.


Peter Cardillo, senior market analyst at Spartan Capital Securities in New York, said:


"In the event that (the stimulus) is not approved in some way, this may have dire consequences for the unemployed."


Based on unofficial data, the Dow Jones Industrial Average rose 71.42 points, equivalent to 0.24 percent, to 30201.25 points, and Standard & Poor's rose 13.25 points, or 0.36 percent, to record 3703.26 points, and the Nasdaq Composite Index advanced 33.62 points, or 0.26 percent, to 12804.73 points.

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