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U.S. equity futures turned higher after trading in negative territory earlier Monday ahead of the first opening bell of 2021 on Wall Street.
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NASDAQ COMPOSITE INDEX
On Wall Street, the benchmark S&P 500 index rose 0.6% to a high of 3,756.07 on Thursday, its final trading day of 2020. It ended the year up 16.3%, or a total return of about 18.4% with dividends.
The Dow Jones Industrial Average rose 0.7% to a record 30,606.48. The Nasdaq composite added 0.1% to 12,888.28.
STOCK FUTURES TRADE HIGHER AHEAD OF FINAL TRADING DAY OF YEAR
Vaccine development by U.S., European and Chinese producers has helped to buoy investor optimism that a return to normal might be closer after the global economy’s worst decline since the 1930s.
The United States and Britain have approved Pfizer Inc.’s vaccine and Britain approved a second vaccine from AstraZeneca and Oxford University. China has approved its first domestically developed vaccine. Others are being tested.