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Wall Street closes with rises and another record a year and a historical comeback



Wall street has closed the last session of the year with rises and in the zone of maximums (in the case of the Dow and the S&P). US stocks have led the comeback of this historic 2020, which began with the crashes of February and March (with the S&P 500 suffering its fastest sinking in history, dropping as low as 30%).

After this last trading session, the Nasdaq accumulates a rally of 43.6%, followed by the S&P 500 and the Dow Jones, with an advance of 16.2% and 7.2%, respectively.

Fiscal stimulus from the Fed chaired by a Jerome powell which has unreservedly supported the recovery of the economy, the second round of stimulus unexpectedly signed by Donald Trump and the 'vaccine effect' have been the main catalysts of the bags this year.

On the business front, Tesla It has been the great story of this 2020. Elon Musk's men do not stop rising, and they set new all-time highs this Thursday, still and among other reasons, due to their recent jump to the S&P 500. Can they extend their streak in 2021?

In political matters, the US announced this Thursday new tariffs on some products of the European Union (EU), including French and German wines, as part of the dispute over subsidies to the European aircraft manufacturer Airbus.

In the economic sphere, weekly unemployment claims have been reduced by 19,000 in the US, more than expected by the consensus of experts. Good news for the country, which thus chains the second consecutive week of this downward figure.

Precisely on the other side of the Atlantic, the IBEX 35 has closed 2020 with a cumulative fall of 15.45% and as one of the worst rates in all of Europe. Finally, in Asia the stock markets have closed the year in green after the good and last macro data published by China.

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