Stocks End 2020 at Record Highs01/04/2021


Latest - Insights Latest - Insights Latest - Insights Latest - Insights Latest - Insights

December 28 - 31, 2020 Recap

Equities Rebound from Prior Week Loss
U.S. stocks ended higher during the final week of the year, with the S&P 500 closing at its 33rd all-time high of 2020. The three major equity averages reached their record year-ending session highs with less than one hour left in 2020 trading. Investors welcomed a better-than-expected decline in jobless claims and took in stride the fading prospects for larger direct government payments ($600 vs. $2,000) that likely will be pushed into the next presidential term in one form or another.

Weekly Performance
For the week, the S&P 500 advanced 1.45%, the Dow Industrials gained 1.35%, and the tech-heavy Nasdaq Composite rose 0.66%. Among them, the Nasdaq Composite performed best in 2020, up a remarkable 44.9%, whereas the benchmark S&P 500 Index returned 18.4% for the year.

Latest - InsightsCIM Weekly Recap 010421.pdf Latest - Insights

The Weekly Recap is published by Cetera Investment Management LLC, an SEC registered adviser owned by Cetera Financial Group. Cetera Investment Management provides market perspectives, portfolio guidance, model management, and other investment advice to its affiliated broker-dealers, dually registered broker-dealers and registered investment advisers.

Latest News - Latest Insight Detail - Subscription

Want more insights like this, sent straight to your inbox?

Subscribe to email updates from Cetera and be well informed about what’s happening within the market and the financial services industry overall.

Drop Us a Line

Looking to be part of something more? Get in touch to learn about the benefits of affiliating with Cetera and start taking the next steps to a stronger future.