NYSE Finishing 2020 with Mostly Large Gains

The main indices of the New York Stock Exchange (NYSE) are ending 2020 on a positive note, supported by the recently approved government stimulus package as well as the rollout of Coronavirus vaccines.

Investors are optimistic about the prospects of an economic recovery in 2021 and this has provided strong support to the stock market recently.

Although the global economy and the world at large suffered greatly in the ending year from the Coronavirus pandemic, Wall Street saw a strong performance among many of its market sectors.

The Dow Jones Industrial Average is ending the year with an annual increase of about 6.4%.

The S&P 500 rose by about 70% compared to its low level in March, and it is set to end the year with 15% gains.

Meanwhile, the Nasdaq Composite is close to finishing its best year since 2009 by registering yearly gains of about 43%.

The Dow is trading higher by 84.06 points, or 0.28%, at 30,493.62 points.

S&P 500 is up by 9.45 points, or 0.25%, at 3,741.49 points.

On the other hand, the Nasdaq Composite is down by 9.95, or 0.08%, at 12,860.05 points.