Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Indexes
  3. Switzerland
  4. Switzerland
  5. Euro Stoxx 50
  6. News
  7. Summary


SummaryMost relevantAll NewsOther languagesNews of the index componentsMarketScreener Strategies

Wall Street follows European stocks higher on stimulus, Brexit

12/28/2020 | 07:32pm EDT
FILE PHOTO: A pound coins are placed on broken glass and British flag in this illustration picture taken

NEW YORK (Reuters) - Wall Street advanced on Monday, with all three major U.S. indexes reaching record closing highs as long-awaited pandemic relief and Brexit trade deals fueled investors' risk appetite.

U.S. equities followed their European counterparts with a broad rally, and communications services and consumer discretionary stocks led the charge.

But crude oil prices slumped as weak demand and a potential increase in production offset the effects of the U.S. fiscal aid package signed late on Sunday by President Donald Trump.

He reversed course by signing a $2.3 trillion stimulus and spending bill into law, heading off a potential government shutdown and setting the stage for congressional Democrats to push for more robust direct payments of $2,000 to millions of Americans.

"Finally something has gotten done and it's given the market reason to be optimistic," said Robert Pavlik, senior portfolio manager at Dakota Wealth in Fairfield, Connecticut. "We've still got dark day days ahead with COVID, but with the stimulus package and Brexit deal, it gives us reason to focus on the positive."

Britain reached a trade agreement with the European Union on Thursday, days before leaving one of the world's largest trading blocs, and urged businesses to prepare for disruptions resulting from the completion of Brexit.

The Dow Jones Industrial Average rose 204.1 points, or 0.68%, to 30,403.97, the S&P 500 gained 32.3 points, or 0.87%, to 3,735.36 and the Nasdaq Composite added 94.69 points, or 0.74%, to 12,899.42.

European shares had their strongest close in 10 months and German shares hit an all-time high on the U.S. stimulus and Brexit trade deals.

The ongoing rollout of coronavirus vaccines also buoyed sentiment, with Pfizer Inc announcing it expects to complete distribution of 200 million doses in Europe by September.

Markets in Britain were closed on Monday in observance of the Boxing Day holiday.

The pan-European STOXX 600 index rose 0.66% and MSCI's gauge of stocks across the globe gained 0.55%.

U.S. Treasury yields rose early in the session but gave up those gains by the end of the session as the risk-on rally lost some steam.

Benchmark 10-year notes last rose 1/32 in price to yield 0.9264%, from 0.93% late on Thursday.

The 30-year bond last rose 4/32 in price to yield 1.6616%, from 1.666% late on Thursday.

The dollar was flat against a basket of world currencies but the euro gained strength as investors priced out Brexit risk.

The dollar index rose 0.03%, with the euro up 0.06% to $1.2211.

The Japanese yen weakened 0.32% versus the greenback at 103.84 per dollar, while Sterling was last trading at $1.3445, down 0.76% on the day.

Crude prices dropped as the prospect of increased OPEC+ output in the face of weak demand dampened stimulus cheer.

U.S. crude dropped 1.26% to settle at $47.62 barrel. Brent settled at $50.86 per barrel, down 0.84% on the day.

Gold reversed its early gains as the dollar recovered its losses amid the stocks rally.

Spot gold dropped 0.2% to $1,872.87 an ounce.

(Reporting by Stephen Culp in New York; Additional reporting by Danilo Masoni in Milan; Editing by Dan Grebler)

By Stephen Culp

© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / EURO (AUD/EUR) 0.37% 0.64401 Delayed Quote.2.35%
CANADIAN DOLLAR / EURO (CAD/EUR) 0.91% 0.664956 Delayed Quote.3.02%
DJ INDUSTRIAL 0.93% 34137.31 Delayed Quote.11.34%
DOW JONES FXCM DOLLAR INDEX 0.00% 11742.02 Delayed Quote.0.62%
EURO / BRITISH POUND (EUR/GBP) 0.09% 0.86402 Delayed Quote.-3.66%
EURO / US DOLLAR (EUR/USD) 0.01% 1.20344 Delayed Quote.-1.41%
EURO STOXX 50 0.91% 3976.41 Delayed Quote.10.92%
LONDON BRENT OIL -1.93% 65 Delayed Quote.29.79%
NASDAQ 100 0.91% 13935.152325 Delayed Quote.7.15%
NASDAQ COMP. 1.19% 13950.218259 Delayed Quote.6.97%
PFIZER, INC. 1.28% 39.53 Delayed Quote.5.76%
S&P 500 0.93% 4173.42 Delayed Quote.10.84%
S&P GSCI CRUDE OIL INDEX -1.64% 336.238 Delayed Quote.31.93%
STOXX EUROPE 600 0.65% 436.64 Delayed Quote.8.71%
WTI -2.04% 61.044 Delayed Quote.32.01%
All news about EURO STOXX 50
07:33aEuropean Bourses Tracking Higher Midday on Earnings, Tech Issues
04/20DGAP-ADHOC  : Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in Mün..
04/19Europeans Bourses Modestly Higher Midday; Frankfurt Slipping
04/19Asian stocks hit 1-mth highs, Bitcoin climbs
04/16EUROPE : European stocks notch new highs as Daimler earnings lift carmakers
04/16PRESS RELEASE : Vonovia SE: Vonovia SE Shareholders approve EUR 1.69 dividend at..
04/15DGAP-ADHOC : Daimler AG: Preliminary Q1 2021 results significantly above market ..
04/15European Bourse Moving Higher Midday in Earnings Season, Strength in Commodit..
04/14European Bourses Edging Higher on Strength in Technology Issues
04/13EUROPE : European shares pause near record highs
More news
News of the index components EURO STOXX 50
10:32aASML Raises 2021 Outlook as Chip Shortage Boosts Demand -- 2nd Update
09:47aKONINKLIJKE PHILIPS N  : Royal Philips - Philips produces one hundred millionth ..
09:47aKONINKLIJKE PHILIPS N  : Royal Philips - Five-year patient-level meta-analysis o..
09:47aTENNECO INC. (TICKER : TEN, exchange: New York Stock Exchange)
09:38aSUV OFFENSIVE IN CHINA : Volkswagen reveals 6 new cars at Auto Shanghai, includi..
09:26aDaimler cuts hours for up to 18,500 workers over chip shortage
09:22aSAP  : With Stylumia, Real-Time Data Intelligence Powers Competitive Retail Adva..
More news
Duration : Period :
Euro Stoxx 50 Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends EURO STOXX 50
Short TermMid-TermLong Term
Top / Flop EURO STOXX 50
KERING 651.2 Real-time Quote.4.01%
ASML HOLDING N.V. 532.5 Real-time Quote.4.00%
ANHEUSER-BUSCH INBEV 57.9 Real-time Quote.3.89%
BAYER AG 55.975 Real-time Estimate Quote.3.39%
DEUTSCHE BÖRSE AG 145.775 Real-time Estimate Quote.-1.07%
BMW AG 85.105 Real-time Estimate Quote.-1.25%
INTESA SANPAOLO S.P.A. 2.214 Real-time Estimate Quote.-1.38%
VONOVIA SE 56.39 Real-time Estimate Quote.-1.48%
VOLKSWAGEN AG 228.025 Real-time Estimate Quote.-2.57%
Heatmap :