In Australia, the S&P/ASX 200 declined 0.8% to 6,643.00. “After a meteoric rise as risk dominoes toppled one by one this week, stocks fell back to earth a bit overnight," Stephen Innes of Axi said in a commentary. Stocks closed modestly lower on Wall Street Tuesday as investors turned cautious a day after major indexes closed at their latest record highs. Small-company stocks, which have been the biggest gainers this month, fell more than the rest of the market, pulling the Russell 2000 index of smaller companies 1.8% lower, to 1,959.36. It is still on track to end the month 7.7% higher, more than twice as much as the S&P 500.

Source: Daily Sun December 29, 2020 16:47 UTC