Here are the main market catalysts and closing values for the major US indexes on Wednesday, December 2, 2020.

The Dow Jones Industrial Average, S&P 500 posted moderate gains, but the Nasdaq Composite fell on Wednesday.

  • The Dow Jones Industrial Average gained 59.87 or 0.20 percent, to close at 29,883.79.
  • The S&P 500 gained 0.18 percent to close at 3,669.01.
  • The Nasdaq Composite fell 0.05 percent to close at 12,349.37.

Investors are analyzing the prospect of a new stimulus package from Congress.

“I do think that we will have a deal, but the problem is the market is already anticipating it,” Bill Baruch, Blue Line Futures President, said. “Now I am bullish, and I think the path of least resistance is higher for stocks, but one thing again is, what are the markets’ expectations?”

“That $2 trillion headline that everybody had for months is dissipating, and markets are going to have to settle for a bit less. And when they do get it, is it going to be a buy the rumor, sell the news event? So those are things that are going through my mind when I’m trying to manage risk.”

On Thursday keep an eye out for:

  • ISM Services PMI
  • Kroger, Dollar General, and DocuSign are reporting earnings.

Economics, Finance and Investing