The benchmark index ticked up 0.1% to 4,793.06. The Dow Jones Industrial Average added 90.42 points, or 0.3%, at 36,488.63. The blue-chip average closed at a record for the first time since November and posted its sixth-straight winning day. The Nasdaq Composite bucked the trend and ticked down 0.1% to 15,766.22.
The S&P 500 has closed at a record 28% of the time in 2021. This year has seen the second-highest number of record closes ever, behind 77 closing highs in 1995. Investors are hoping to end the year on a high note with the S&P 500 returning more than 27% in 2021 and the Dow up more than 19%. The two indexes are both within striking distance of their all-time highs." period — the last five trading days of December and the first two of January.
"The seasonals favor further gains in the market. The trading is a little thinner than it would otherwise be. ... We're coming off what seems to have been a good holiday season and I think that inspired some confidence," said Wells Fargo Investment Institute's Gary Schlossberg.in South Korean media said the biotechnology company is in talks to be acquired by Samsung. The deal would reportedly be worth more than $40 billion. Biogen declined to comment on the report.
Source: News Formal (newsformal.com)
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