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Global and U.S. stock markets closed with mixed results as investors take a more cautious stance amid the surge in COVID-19 cases and the fact that increased restrictions nationwide could have an economic impact.
The states with the most rising cases, and Puerto Rico, over the past 30 days follow:
- California: 361.4%
- New York: 202.3%
- New Jersey: 179%
- Pennsylvania: 155%
- Puerto Rico: 53.56%.
Optimism about the COVID-19 vaccines is now a driving force in market behavior and overall sentiment. The increased possibility of a new $908 billion stimulus package kicking in before the year ends is making markets more hopeful.
Wall Street summary for December 7, 2020
- The Dow Jones Industrial Average closed at 30,069.79, down 148.47 points, or 0.49%
- The Standard & Poor’s 500 closed at 3,691.96, down 7.16 points, or 0.19%.
- The Nasdaq Composite Index closed at 12,519.95, up 55.71 points, or 0.45%.
- The Birling Capital Puerto Rico Stock Index closed at 2,056.26, up 60.91 points, or 3.05%.
- The U.S. Treasury 10-year note closed at 0.94%
- The U.S. Treasury 2-year note closed at 0.14%