Archives of “December 18, 2020” day

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German DAX a big winner this week, but closes lower today

  
Analysis, Global Indices

German DAX falls for the 1st time in 5 trading days

The European stock markets are coming to a close and the major indices are closing with declines and near session lows.

The German DAX was the big winner this week, but fell for the 1st time in 5 days today. The Spanish Ibex was the weakest today.
A look at the provisional closes shows:
  • German DAX, -0.21%
  • France CAC, -0.45%
  • UK’s FTSE 100, -0.45%
  • Spain’s Ibex, -1.3%
  • Italy’s FTSE MIB, -0.2%
For the week, the German DAX outperformed with a near 4% gain:
  • German DAX, +3.94%
  • France’s CAC, +0.33%
  • UK’s FTSE 100, -0.32%
  • Spain’s Ibex, -0.24%
  • Italy’s FTSE MIB, +1.2%

Russian security breach gains putting some pressure on stocks

  
  Analysis

The risks are not fully known

The cyber attack on the US government and corporate America – presumably by Russia – it is getting more play in the chatter today.  The risks from the attack are still not fully known, but the news has the stock market a bit on edge. The major indices have turned negative.
A look at the market currently shows:
  • S&P index -14.3 points or -0.39% at 3708.14
  • NASDAQ index -11.97 points or 10.09 percent at 12753
  • Dow -106 points or is -0.35% at 30196.

Pfizer has applied for approval of its COVID-19 vaccine in Japan

  
Analysis, COVID-19

The Pfizer / BioNTech coronavirus vaccine is already being distributed in the US and UK, the firm applying in Japan today.

The Japanese government has already agreed with Pfizer to receive a supply of 120 million vaccine doses (the two-course vaccine means that’s enough for 60 million people, which is about half of Japan’s population).
Japan is expected to make the vaccine available at no charge.
The Pfizer / BioNTech coronavirus vaccine is already being distributed in the US and UK, the firm applying in Japan today.

US nuclear weapons agency breached in hack on US government – report

  
  Analysis

Hackers access nuclear agency and state governments

Politico reports that the latest hack of the US government — which is being blamed on Russia — accessed at least a half a dozen US agencies via the software company SolarWinds.
The Energy Department and National Nuclear Security Administration, which maintains the U.S. nuclear weapons stockpile, have evidence that hackers accessed their networks as part of an extensive espionage operation that has affected at least half a dozen federal agencies, officials directly familiar with the matter said.
I don’t see any market impacts for this at the moment but it’s worth monitoring.

NASDAQ and S&P close at record highs

  
Analysis, US Market

S&P post 31st record close of the year

US major indices all closed higher. Some of the highlights for the day include:
  • S&P, NASDAQ, Russell 2000 close at record highs
  • NASDAQ on track for the best year since 2009
  • Russell 2000 on pace for the 7th straight weekly gain
  • S&P higher for the 3rd straight day
  • NASDAQ higher for the 4th consecutive day
  • S&P post 31st record close of the year

The final numbers are showing:

  • S&P index rose 21.31 points or 0.58% to 3722.48
  • NASDAQ index rose 106.55 points or 0.84% to 12764.74
  • Dow rose 148.83 points or 0.49% to 30303.32
Some of the oversize winners today included
  • Rite Aid, +17.71%
  • GoodRX, +7.47%
  • Airbnb, +6.53%
  • Chewy, +6.37%
  • Corsair, +6.19%
  • Tesla, +5.33%
  • Palantir, +4.94%
  • Nio, +3.03%
  • Intuit, +3.01%
  • Crowdstrike, +2.98%
  • Ross Stores, +2.83%
  • Alcoa, +2.78%
  • J&J, +2.69%
some losers today included:
  • Worthington industries, -3.67%
  • Doordash, -2.44%
  • AT&T, -2.25%
  • Boeing, -2.07%
  • Nucor, -1.79%
  • Lam research, -1.45%
  • Snowflake, -1.51%
  • General Dynamics, -1.16%
  • US steel, -1.01%
  • Micron, -1.0%
  • Alphabet, -0.96%
  • Intel, -0.92%
  • J.P. Morgan, -0.85%
  • FireEye, -0.76%
  • Exxon Mobil, -0.7%
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