Stocks end final trading session of 2021 on quiet note
U.S. stocks on Friday ended the final trading session on a quiet note after seesawing around the flatline for most of the day.
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Major U.S. stock indexes ended December with solid gains, capping a banner year for the market. The S&P 500 is headed for a gain of more than 27% for 2021, the best performance since 2019, another standout year.
On Thursday, the S&P 500 index slipped 0.3% a day after notching a record high, closing at 4,778.73. The Dow, which also set a new high Wednesday, fell 0.2% to 36,398.08. The Nasdaq also slipped 0.2%, to 15,741.56.
Technology companies accounted for a big share of Wall Street’s late-afternoon slide.
U.S. benchmark crude oil lost 75 cents to $76.24 per barrel in electronic trading on the New York Mercantile Exchange. It picked up 43 cents to $76.99 per barrel on Thursday.
In Asia, Tokyo and many other regional markets were closed.
INITIAL JOBLESS CLAIMS TOTAL 198K, CONTINUING CLAIMS HIT NEW PANDEMIC (LOW)
Hong Kong jumped 1.2% in New Year’s Eve trading to 23,397.67 and the Shanghai Composite index gained 0.6% to 3,639.78.
A survey released Friday showed Chinese factory activity edged higher in December as supply disruptions eased and export demand weakened.
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The Associated Press contributed to this report.