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 

MarketScreener Homepage  >  Indexes  >  USA  >  S&P 500    SP500

S&P 500

Delayed Quote. Delayed USA - 01/26 05:17:10 pm
3849.62 PTS   -0.15%
After hours
3864.94 PTS
05:10pCLOSE UPDATE : Stocks Post Slight Losses as Investors Digest Earnings Amid Pandemic Concerns
05:05pStocks slip from highs; investors wait on Fed
04:25pInternational Monetary Fund Lifts 2021 Growth Forecast Modestly, Warns COVID-19 Variants Pose Risks
SummaryMost relevantAll NewsOther languagesNews of the index componentsMarketScreener Strategies

Stocks Waver After S&P 500's Tuesday Record

12/02/2020 | 11:32am EST

By Will Horner

U.S. stocks pared losses Wednesday following Tuesday's record highs as rising coronavirus cases and a slowdown in private sector job creation weighed on investor sentiment.

The S&P 500 was essentially flat in morning trading, a day after the benchmark set its 27th closing record of the year. The Nasdaq Composite slipped 0.2% after also setting a record. And the Dow Jones Industrial Average retreated about 7 points, less than 0.1%.

The market has been propelled higher in recent weeks by optimism that Covid-19 vaccines will help accelerate the economic rebound. That has led to a jump in stocks that are sensitive to economic growth, including energy and banks.

"We've obviously had a great run up since just before the election results and yesterday we saw that record high, so that is as much a reason as any for some consolidation," said Derek Halpenny, head of research for global markets in the European region at MUFG Bank.

Stocks are likely to continue rallying in coming weeks, despite valuations that appear to be stretched, he added. "Why would you be a seller of stocks when you know that policy support, both fiscal and monetary, is there and probably will be there going forward?"

Shortly after the opening bell, Pfizer rose 3.9% after the U.K. government approved its Covid-19 vaccine for use, paving the way for the shot to be distributed within days. Shares of Pfizer's partner, BioNTech, rose 4.4%.

Meanwhile, Salesforce.com tumbled 9.9%. The cloud-computing company on Tuesday confirmed that it had agreed to buy Slack Technologies for $27.7 billion.

U.S. lawmakers this week reignited talks for coronavirus relief packages, with House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin discussing measures by phone for the first time since the election. But investors remain skeptical about the prospects for fresh stimulus spending in the weeks before President-elect Joe Biden is sworn in.

"Both sides would like to be seen to be doing something with an eye on the run off in Georgia on the fifth of January," Mr. Halpenny said. But Republicans are unlikely to support a large spending package, he added. "I can't see anything happening really until Biden enters the White House."

The Federal Reserve's beige book report, due at 2 p.m. ET, will offer the latest collection of business anecdotes across Fed districts, offering insights into how companies view the economy's prospects.

The ADP National Employment Report on Wednesday showed that job creation in the private sector slowed last month. About 307,000 new nonfarm jobs were created, marking a drop from October and less than economists had been forecasting.

Federal Reserve Chairman Jerome Powell and Mr. Mnuchin are set to testify before a house committee. Lawmakers on Tuesday pressed Mr. Mnuchin over his decision not to renew a suite of emergency Federal Reserve lending programs. The Fed has said it would prefer the lending programs remain in place until the risks posed to the economy by the pandemic has subsided.

In bond markets, the yield on the 10-year Treasurys ticked up to 0.940%, from 0.933% on Tuesday.

Overseas, the Stoxx Europe 600 edged down 0.3%. Conflicting reports about the status of the talks between the European Union and the U.K. on a post-Brexit trade deal led to choppy trading in the region.

In Asia, the major stock indexes ended trading on a muted note. Japan's Nikkei 225 closed almost flat, while the Shanghai Composite Index and Hong Kong's Hang Seng Index slid roughly 0.1%.

-- Caitlin McCabe contributed to this article.

Write to Will Horner at William.Horner@wsj.com

(END) Dow Jones Newswires

12-02-20 1131ET

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL -0.07% 30937.04 Delayed Quote.1.28%
HANG SENG -2.48% 29433.69 Real-time Quote.10.84%
NASDAQ 100 0.05% 13490.1857 Delayed Quote.4.62%
NASDAQ COMP. -0.07% 13626.064934 Delayed Quote.5.08%
NIKKEI 225 -0.96% 28546.18 Real-time Quote.5.02%
S&P 500 -0.15% 3849.62 Delayed Quote.2.64%
All news about S&P 500
05:10pCLOSE UPDATE : Stocks Post Slight Losses as Investors Digest Earnings Amid Pande..
05:05pStocks slip from highs; investors wait on Fed
04:25pInternational Monetary Fund Lifts 2021 Growth Forecast Modestly, Warns COVID-..
04:24pS&P, Nasdaq slip from record levels as earnings season gains speed
04:20pWALL STREET STOCK EXCHANGE : Stocks Slip in Final Minutes, Close Lower
04:13pUS ECONOMICS : FOMC Decision, Durable Goods Orders
04:09pSTREET COLOR : Market Close: US Treasury and Equity Closing Levels for Friday
03:57pStocks Poised to Close Near Flat in Choppy Trade as Investors Digest Earnings..
03:26pCanadian dollar rallies as records fall on Wall Street
03:01pSTREET COLOR : AstraZeneca CEO Says Company Will Ship at Least 3 Mln COVID Doses..
More news
Chart S&P 500
Duration : Period :
S&P 500 Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends S&P 500
Short TermMid-TermLong Term
Top / Flop S&P 500
LUMEN TECHNOLOGIES 14.87 Real-time Estimate Quote.30.55%
FOX CORPORATION 35.26 Real-time Estimate Quote.9.88%
VIACOMCBS INC. 51.92 Delayed Quote.8.82%
NIELSEN HOLDINGS PLC 22.99 Delayed Quote.6.93%
KROGER 36.89 Real-time Estimate Quote.6.71%
F5 NETWORKS, INC. 194.12 Real-time Estimate Quote.-6.34%
AES CORPORATION (THE) 24.56 Delayed Quote.-6.37%
FREEPORT-MCMORAN INC. 27.01 Delayed Quote.-6.80%
ROCKWELL AUTOMATION 242.26 Real-time Estimate Quote.-7.13%
Heatmap :