Major US stock indices drifted to fresh records Friday as markets continued to look past rising coronavirus cases toward a better 2021 economy with likely …
Major US stock indices drifted to fresh records Friday as markets continued to look past rising coronavirus cases toward a better 2021 economy with likely vaccines. The S&P 500 and Nasdaq notched all-time highs, while the Dow edged higher, joining European equity markets, which earlier won modest gains. Many US traders had taken advantage of the Thanksgiving holiday on Thursday to give themselves a long weekend. “We look set for a quiet end to the week,” said CMC Markets analyst Michael Hewson. “This end-of-week caution appears to be predicated on concern over the short-term economic outlook, as the extension of tighter restrictions on economic activity in France, Germany and the UK creates further uncertainty over the potential for permanent economic scarring as we head into 2021.” Asian markets maintained their upward momentum Friday as investors took heart from the prospect of vaccines being rolled out in the coming weeks.
