market wrap 12.04.20

The Dow closed at 30,218.26 – up 248.74

The S&P 500 closed at 3,699.12 – up 32.40

The Nasdaq closed at 12,464.23 – up 87.05

The Russell 2000 closed at 1,892.45 – up 43.75

The U.S. exported 182,000 metric tonnes to Mexico.

So far in 2020 the U.S. has exported 625,000 metric tonnes of soybeans to Brazil.

Gold headed to a weekly gain due to COVID concerns.

Risk assets gain for 5th straight week on COVID vaccine news.

Denmark is getting out of North Sea oil exploration.

U.S. November payrolls rise 245,000 month to month vs 640,00 estimated.

U.S. unemployment rate is 6.7% vs 6.9% – source: Bloomberg

Brent crude to 50$ is not out of line despite OPEC supply concerns.

Poland has rejected EU budget compromise.

Published by mikebertelsen

Global market, trade, and financial news. I keep up to date with what I assess is important.

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