Wall Street celebrates 2020 with new records

Wall Street closed its doors to a tumultuous year with new record highs, a final appropriately to the surpassing point that the market went through the historical cycle in the early weeks of the coronavirus pandemic.

The S&P 500 index has a 16.3% gain for the year, a total return of approximately 18%, including dividends. The Nasdaq company recorded a huge advance of 43.6%, boosted by the actions of the big technology companies. For its part, the Dow Jones index gained 7.2%, attributed by Apple and Microsoft.

The actions will show a rising trend on its part in the last weeks, stimulated by a cautious optimism that the economy will recover and the gains of the companies in 2021 now that the vacancies will be distributed against the COVID-19.

“We are expecting a slow recovery and the result will be the fastest recovery of a major market in history,” said Sunitha Thomas, national trust assessor at Northern Trust Wealth Management.

The coronavirus pandemic has hit markets in February and March. The S&P 500 paid 8.4% in February, while 12.5% ​​said in March that the pandemic practically paralyzed the world economy. Businesses will be forced to deal with the spread of the virus and the end of government restrictions. The people start to work, buy and practice practically anything else from their home.

The economic situation affected me very much and practically every company that depends on a direct consumer of the consumer or his physical presence, including the airlines, restaurants, hotels and tenants in the shopping centers.

The VIX, which helps prevent volatility from inversionists in the S&P 500, recorded a record of 82.69 in March and continued to rise on its historic year ahead.

The sale of stocks is accelerating as the economic consequences of the pandemic are created, giving many investors a long way to go to evaporate the gains that will be made in 2019, a great year for stock markets. Five months later, the market has recovered all it has lost.

The markets were opened in its mayor on the last day of transactions of the year. Various extras markets will not operate during the holidays, and stadium markets will be closed on New Year’s Day four.

The S&P 500 gained 24.03 points, 0.6%, and closed at 3,756.07, a record high. The Dow advanced 196.92 units, up 0.7%, to 30,606.48, also a new mark. The Nasdaq traded 18.28 shares, up 0.1%, to close at 12,888.28.

For its part, the Russell 2000 index has 5.14 points, 0.3%, and 1,974.86. The companies that are most likely to receive good results in the last few weeks will be able to report on the first months of the market in general. Russell finalized the year with a gain of 18.4%.

Treasury bond yields fell by 0.91% to 0.92% in 10 years.