U.S. stocks staged a broad rally Wednesday as all sectors of the S&P 500 Index, except for one, rose. A total of 74 members, or 15%, of the benchmark large-cap U.S. index set all-time intraday records. All are listed below.
The S&P 500 Index US:SPX climbed 1.5% for the day, ending with a 10.8% gain for 2020. (All price changes in this article exclude dividends.)
The Dow Jones Industrial Average US:DJIA rose 1.6% and ended with a 2% gain for 2020.
Chart of the Day
Nobel laureate Esther Duflo talks globalization, child care and who she thinks is to blame for the economic fallout facing everyday Americans. She thinks the U.S. should not be concerned about national debt, growth rate or the end of cities. Instead she thinks the U.S. should focus on economic mobility and offering more stimulus spending. Watch the video see why she thinks welfare is the most important metric in considering U.S. policy response to the coronavirus pandemic and the recession.