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Dec. 2, 2020, 4:07 p.m. EST

S&P 500 notches 28th record close of 2020 but stock market posts tepid gain on Wednesday

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By Mark DeCambre

U.S. stock benchmarks finished the session slightly higher on Wednesday, with the slight gains enough to notch a fresh all-time high for the S&P 500 index. Gains for the broad-market benchmark were driven by a surge in the energy sector, up 3%, and financials, 1.1% higher, to help the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.81% eke out a 0.2% gain to reach 3,669, despite over 1% declines in materials and real estate. The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.38% finished 0.2% higher, as an 8.5% decline in Salesforce.com /zigman2/quotes/200515854/composite CRM +1.70% , after its announced $27.7 billion buy of Slack Technologies /zigman2/quotes/212180539/composite WORK +0.65% was officially announced late Tuesday, was offset by gains in Boeing Co. /zigman2/quotes/208579720/composite BA +3.13% , Goldman Sachs /zigman2/quotes/209237603/composite GS -2.26% , Walt Disney Co. /zigman2/quotes/203410047/composite DIS +0.48% , Chevron Corp. /zigman2/quotes/205871374/composite CVX +2.63% , American Express Co. /zigman2/quotes/203805826/composite AXP +3.77% and Walgreens Boots Alliance Inc. /zigman2/quotes/203410933/composite WBA -1.57% . The Nasdaq Composite, however, finished less than 0.1% lower at 12,349. Markets turned positive late in the session after Democratic congressional leaders threw their weight behind a coronavirus fiscal stimulus proposal that has bipartisan support in both chambers of Congress on Wednesday. In economic reports, U.S. businesses created 307,000 private-sector jobs in November, ADP said Wednesday, marking the smallest increase in four months and suggesting a record increase in coronavirus cases has hurt hiring. Markets have mostly been trending higher on the back of vaccines to fight COVID-19. That said, an account of business conditions from the Federal Reserve's business districts, the Beige Book, indicated that worry about economic expansion without fresh economic relief was weighing on activity.

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US : S&P US
3,798.91
+30.66 +0.81%
Volume: 2.46B
Jan. 19, 2021 5:06p
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
30,930.52
+116.26 +0.38%
Volume: 387.75M
Jan. 19, 2021 5:06p
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/zigman2/quotes/200515854/composite
US : U.S.: NYSE
$ 216.76
+3.62 +1.70%
Volume: 7.75M
Jan. 19, 2021 4:00p
P/E Ratio
56.63
Dividend Yield
N/A
Market Cap
$195.02 billion
Rev. per Employee
$348,939
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/zigman2/quotes/212180539/composite
US : U.S.: NYSE
$ 42.07
+0.27 +0.65%
Volume: 7.31M
Jan. 19, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
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Rev. per Employee
$308,275
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/zigman2/quotes/208579720/composite
US : U.S.: NYSE
$ 210.71
+6.39 +3.13%
Volume: 11.91M
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P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
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/zigman2/quotes/209237603/composite
US : U.S.: NYSE
$ 294.20
-6.81 -2.26%
Volume: 6.72M
Jan. 19, 2021 4:00p
P/E Ratio
16.97
Dividend Yield
1.70%
Market Cap
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Rev. per Employee
$1.42M
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/zigman2/quotes/203410047/composite
US : U.S.: NYSE
$ 172.26
+0.82 +0.48%
Volume: 7.83M
Jan. 19, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$310.39 billion
Rev. per Employee
$320,813
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/zigman2/quotes/205871374/composite
US : U.S.: NYSE
$ 94.51
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P/E Ratio
N/A
Dividend Yield
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Market Cap
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/zigman2/quotes/203805826/composite
US : U.S.: NYSE
$ 126.75
+4.60 +3.77%
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P/E Ratio
31.31
Dividend Yield
1.36%
Market Cap
$98.36 billion
Rev. per Employee
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/zigman2/quotes/203410933/composite
US : U.S.: Nasdaq
$ 48.15
-0.77 -1.57%
Volume: 5.86M
Jan. 19, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
3.88%
Market Cap
$42.36 billion
Rev. per Employee
$421,562
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