Stock Market Today

Stock Market Today: Stocks Whisper Their Way Into the Long Weekend

A relatively light news day Thursday led to an uneventful, low-volume session ahead of three-day Christmas holiday weekend.

Thursday's shortened session was a calm, low-volume affair. While certainly unusual for 2020, it was typical for a Christmas Eve.

Also unsurprising was the latest development on the COVID stimulus front: House Republicans shot down a Democrat proposal that would raise the value of forthcoming stimulus checks from $600 per American to $2,000 – a response to President Donald Trump's abrupt dismissal of Congress' bargain bill.

But most analysts aren't deterred: "The stock market believes a stimulus deal of some sort will happen, but the details of what's inside and when it happens have been a low priority for markets for quite some time," says David Bahnsen, chief investment officer of California-based The Bahnsen Group.

Traders on Thursday didn't seem panicked – the Dow Jones Industrial Average closed up 0.2% to 30,199 ahead of the three-day weekend.

Other action in the stock market today:

  • The S&P 500 advanced by 0.4% to 3,703.
  • The Nasdaq Composite climbed 0.3% to 12,804.
  • The small-cap Russell 2000 slipped from record highs, off 0.2% to 2,003.
stock chart for 122420

The Hottest Bull Market Since World War II, But ...

CFRA chief investment strategist Sam Stovall recently delivered some impressive market data … and a warning from history.

"This bull market celebrated its nine-month (274 calendar-day) anniversary on December 22, with the S&P 500 gaining 64.8% in price. This return was more than twice the average of 32.2% for all bull markets since WWII and ranks it #1 out of 13," he says. However, "following these typical jack rabbit starts, bull market advance rates typically slowed, posting smaller compound annual growth rates during the remainder of their bull-market runs."

We can't tell you whether history will repeat itself – but we can tell you that one of the best ways to get the most of any market condition is to put your money behind Wall Street's best fund managers.

We've recently analyzed the 100 most popular 401(k) funds to find the good, the bad and the ugly from numerous fund families, including Fidelity, T. Rowe Price and American Funds.

We also looked at Vanguard, which, while widely known for its dirt-cheap index products, also boasts several adeptly managed mutual funds. Take a look.

Most Popular

11 Good Reasons to Cancel Amazon Prime
Budgeting

11 Good Reasons to Cancel Amazon Prime

You probably aren't using most of the perks tucked into that $119 annual fee -- which you don't need to pay to get the free Amazon shipping you crave.
April 13, 2021
Who Should Return Their Third Stimulus Check to the IRS?
Coronavirus and Your Money

Who Should Return Their Third Stimulus Check to the IRS?

Some people who receive a third stimulus check are required to send it back to the IRS. Others can return it voluntarily.
April 12, 2021
2021 Child Tax Credit Calculator
Tax Breaks

2021 Child Tax Credit Calculator

See how much money you'll get in advance under the new child tax credit rules for 2021.
April 14, 2021

Recommended

Stock Market Today 7/23/20: Tech Stocks Take a Tumble
Markets

Stock Market Today 7/23/20: Tech Stocks Take a Tumble

An increase in weekly jobless benefits applications and profit-taking in tech stocks sent the major indices to steep declines Thursday.
July 24, 2020
Closing Bell 7/1/20: Nasdaq Hits New Highs to Start Q3
Markets

Closing Bell 7/1/20: Nasdaq Hits New Highs to Start Q3

The first day of 2020's second half kicked off with a mixed trading session that saw Amazon (AMZN) and Facebook (FB) help the Nasdaq to new highs.
July 2, 2020
Closing Bell 6/22/20: Big Tech Carries the Markets
stocks

Closing Bell 6/22/20: Big Tech Carries the Markets

Apple (AAPL) and Microsoft (MSFT) were at the forefront of a tech-led rally in the broader markets Monday.
June 22, 2020
Stock Market Today: Fed-Led Momentum Propels Dow Again
stocks

Stock Market Today: Fed-Led Momentum Propels Dow Again

Fed's bond backing, Powell's suggestion for more Congressional spending and hints at an infrastructure plan lifted stocks broadly Tuesday
June 16, 2020