US STOCKS-S&P 500 ends lower as COVID worries lightened by stimulus Reuters 12/21/2020 By Stephen Culp
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By Stephen Culp
NEW YORK, Dec 21 (Reuters) - The S&P 500 closed lower on Monday, having clawed its way back from steep losses early in the session as investors juggled the outbreak of an ominous new strain of COVID-19 with the passage of a long-anticipated stimulus package.
US STOCKS-S&P 500 pares losses as U S stimulus passage expected
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S&P 500 set for worst day in a month on fresh virus fears - Netscape Money & Business
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By Stephen Culp
3 Min Read
(For a live blog on the U.S. stock market, click LIVE/ or type LIVE/ in a news window.) (Updates to market close)
NEW YORK, Dec 21 (Reuters) - The S&P 500 closed lower on Monday, having clawed its way back from steep losses early in the session as investors juggled the outbreak of an ominous new strain of COVID-19 with the passage of a long-anticipated stimulus package.
The Nasdaq joined the S&P 500 in the red, but financials helped the blue-chip Dow reverse course for a modest gain.
“The ‘Santa rally’ will have to wait,” said David Carter, chief investment officer at Lenox Wealth Advisors in New York. “Troubling news about COVID in the UK has reminded markets that COVID isn’t solved yet; the road ahead may be bumpy and uncertain.”