Friday Stock Market Update
The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite fell on Friday.
- The Dow Jones Industrial Average fell 124.32 or 0.41 percent, to close at 30,179.05.
- The S&P 500 fell 0.35 percent to close at 3,709.41.
- The Nasdaq Composite fell 0.07 percent to close at 12,755.64.
Major indexes fell after reaching all-time highs on Thursday as lawmakers failed to pass a new stimulus deal by end of the week. However on Sunday night stock futures rose moderately after news broke that lawmakers had passed a new stimulus bill.
Dow Jones Industrial Average futures gained 70 points.
- S&P 500 futures rose 1.75 points.
- Nasdaq 100 futures rose 0.27 percent.
Also on Monday, Tesla will open as a part of the S&P 500.
“In the eyes of stocks, the inexorable vaccination process, which is only just getting started, is more powerful than the current trends in cases and lockdowns, and this will prevent markets from delving too deeply down a well of pandemic despair,” Adam Crisafulli, founder of Vital Knowledge, said on Sunday. “Recall, the three pillars of the rally all remain very much in place: vaccines, strong corporate earnings, and massive stimulus.”
On Monday keep an eye out for:
- Chicago Fed National Activity Index.
- 3 and 6-month bill auctions are due
- FactSet, Vince, Heico, and Leslie's are reporting earnings.