Markets in Review | Week ending 12/31/20
Equities ended the week, and the year, at new record highs, and Small Caps broke their eight week winning streak.
Equities ended the week, and the year, at new record highs, and Small Caps broke their eight week winning streak.
Stocks were mixed in the holiday-shortened week, with Small Caps up for the eighth straight week.
• All four major US stock market indices made record highs on Thursday, and advanced for the week. • Optimism for a coronavirus relief bill fueled markets, but no deal was made by weeks end.
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• The S&P 500 set its 30th record high of 2020 on Tuesday, but was down every other day of the week. • The Russell 2000 small cap index extended its weekly winning streak to 6 weeks.
Asset Class Performance: Large company stocks in the U.S. and abroad finished in the red for the second consecutive month. Real Estate also gave background in October. However, small company stocks and emerging markets stocks both gained +2.1%.