December 7 - 11, 2020 Recap
Equities Ease After Record Highs
After major U.S. stocks advanced to record highs the first week of December, investors kept their optimism in check last week. Investors have been bidding up stocks on growing stimulus hopes, but these hopes faded slightly and labor data was an ugly reminder of where the economy is currently.
For the week, the S&P 500 fell 0.95%, the Dow Industrials dropped 0.54%, and the tech-heavy Nasdaq Composite declined 0.69%. The small cap-focused Russell 2000 gained 1.03%.
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.
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