Market Pulse Archives

Nov. 25, 2020, 9:37 a.m. EST

Dow retreats from 30,000 milestone at open, but Nasdaq trades in record territory ahead of Thanksgiving holiday

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Dow Jones Industrial Average (DJIA)
  • X
    S&P 500 Index (SPX)

or Cancel Already have a watchlist? Log In

By Mark DeCambre

U.S. equity benchmarks Wednesday morning saw muted action, a day after the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.41% breached 30,000 points for the first time, and as investors readied for pandemic-tinged Thanksgiving on Thursday when U.S. markets will be closed. The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.41% lost 90 points, or 0.3%, to trade at 29.960, the S&P 500 index /zigman2/quotes/210599714/realtime SPX +0.14% slipped 0.1% to 3,631, while the Nasdaq Composite Index /zigman2/quotes/210598365/realtime COMP -0.07% added 25 points, or 0.2%, at 12,061, touching closing record territory for the tech-laden index. Investors in the past week have focused on progress toward COVID-19 vaccines, and abating concerns around the presidential transition of President-elect Joe Biden. In economic reports, Labor Department employment figures showed jobless claims rose for a second consecutive week, a sign that resurging cases of COVID are taking a toll on the labor market. Meanwhile, durable goods orders rose by more than forecast. A number of other economic reports are set for today, pulled forward because of the Thanksgiving holiday on Thursday and Black Friday in the U.S. The Federal Reserve's meeting minutes from its meeting earlier this month will be released at 2 p.m.

/zigman2/quotes/210598065/realtime
US : Dow Jones Global
31,087.22
+127.22 +0.41%
Volume: 49.99M
Jan. 26, 2021 9:48a
loading...
/zigman2/quotes/210598065/realtime
US : Dow Jones Global
31,087.22
+127.22 +0.41%
Volume: 49.99M
Jan. 26, 2021 9:48a
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
3,860.74
+5.38 +0.14%
Volume: 282.48M
Jan. 26, 2021 9:48a
loading...
/zigman2/quotes/210598365/realtime
US : U.S.: Nasdaq
13,626.44
-9.55 -0.07%
Volume: 869,662
Jan. 26, 2021 9:48a
loading...

This Story has 0 Comments
Be the first to comment
More News In
Markets

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.