Strong start to December as S&P 500 index sets another high

Strong start to December as S&P 500 index sets another high Photo: WDIO File

DAMIAN J. TROISE and ALEX VEIGA AP Business Writers
Created: December 01, 2020 03:58 PM

Stocks scored more record highs on Wall Street Tuesday, a day after the S&P 500 closed out November with its biggest monthly gain since April. The benchmark index climbed 1.1% while the tech-heavy Nasdaq added 1.3%. Both beat the all-time highs they set on Friday.

Stocks have been ramping higher in recent weeks as investors focus on the possibility that coronavirus vaccines could soon help usher in a fuller global economic recovery.

The Dow Jones Industrial Average hovered just below 30,000. Treasury yields rose in another sign that investors were feeling more optimistic about the economy.

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DAMIAN J. TROISE and ALEX VEIGA AP Business Writers

Copyright 2020 The Associated Press. All rights reserved.

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