Market Update (11/20)
Stocks lost ground on Friday as rising COVID-19 cases increased concerns that more restrictions would be implemented across U.S. cities and states. Such measures could stifle business activity and jeopardize the already fragile economic recovery. Investors are also cautious about whether any type of relief package is in the works to help boost consumer confidence. Bearish sentiment drove stocks lower.
At the close, the $DJI lost 0.75% to 29,263.48. The NASDAQ Composite closed lower to 11,854.97, down 0.42%. The S&P 500 lost 0.68% to 3557.54. The Russell 2000 was positive, closing higher by 0.07% to 1785.34.
The InvestorsPrism family of indexes closed mostly higher. The PRISM Emerging Gene Therapy index closed higher by 0.6%. The PRISM Emerging MedCannabis index is higher by 0.8% on the day. The PRISM Emerging MedDevices index increased by 1.1%.
Other PRISM indexes closed mixed. The PRISM Emerging MedDiagnostics index gained 1.7%. The PRISM Emerging New Economy index closed higher by 2.6%, and the PRISM Emerging Pet Care & AgriBiz index closed lower by 0.6%. The biotech heavy PRISM Emerging Vaccines & Cell Therapy index closed higher by 1.4%.
The top commodities are higher at the 4:00pm ET mark. Crude Oil is trading higher to $42.17, up 1.03%. Gold is higher by 0.54% to $1871.50 per oz., and Silver is higher by 0.84% to $24.25 oz. Bitcoin ($BTC) is marching through $18,000, now trading to $18,594.08 as of 4pm est.
*data as of market close at 4pm est on 11/20/20
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