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U.S. Indices Got Traction In Early Deals But Lost Ground At Close On Monday

The primary U.S. stock indices ended the trading session in various directions on Monday, December 14. By the end of trading, despite the morning optimism that was facilitated by the beginning of the mass vaccination of the US population against coronavirus, and the success of talks on new budget incentives, the US market had lost some ground.

Over the weekend, a coalition of Congressmen on both sides, who created an economic support project of $908 billion, shared their willingness to remove the most contentious points from the document in order to offer assistance in the near future to small businesses and the unemployed. The bipartisan coalition is currently preparing to remove provisions for employer responsibility and $160 billion in funding to state and local governments. The decision would allocate $300 billion to weekly unemployment compensation and allocate another $300 billion to small companies, with healthcare organizations allocating the remainder.

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The Dow Jones Industrial Average ‘blue chip’ measure decreased by -0.62 percent to 29,861.55 points at the end of the day. The S&P 500 broad market index decreased by -0.44 percent to 3,647.49 points, and the high-tech companies’ Nasdaq index increased by 0.50 percent in price and ended at 12,440.04 points.

At the end of trading on the NYMEX, the price of futures for light crude oil for delivery in January dropped by 0.74 percent to $46.64 per barrel. The price of gold futures for delivery in January, following the results of trading on COMEX, went up by $11.10 to $1,843.15 per troy ounce. In exchange, the yield on ten-year Treasury bonds was 0.890 percent.

The shares of the pharmaceutical company Alexion Pharmaceuticals were among the auction’s favorites, rising by 29.20 percent to $ 156.31, after the British biopharmaceutical company AstraZeneca agreed to buy it for $39 billion, which this year will be one of the world’s largest mergers.

Among the trading, SolarWinds shares dropped by -16.69 percent to $19.62, after a cyber attack was announced by the IT company serving the Pentagon and the White House.

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