Stocks have been mostly grinding higher in recent weeks, with indexes setting new highs, amid optimism that coronavirus vaccinations will pave the way in coming months for the economy to escape from the pandemic’s grip. With one day of trading left in 2020, the S&P 500 is up 15.7% this year, while the Nasdaq is up 43.7%. Investors are optimistic about more vaccines gaining approval and reaching the market in coming weeks, though the potential for logistics problems remains, said Ryan Detrick, chief market strategist for LPL Financial. “Approving them is one thing, but getting them out and into people’s arms is another thing.”Treasury yields were mixed. The U.K. left the EU almost a year ago, but remained within the bloc’s economic embrace during a transition period that ends this year.

Source: Daily Sun December 30, 2020 15:11 UTC