Market Update (11/27)
Major indexes rose on Friday, posting new highs in thin, post-Thanksgiving trading. Investors head into the weekend hoping that either of the potential Covid-19 vaccines can counterbalance soaring infection rates. During an abbreviated holiday session, stocks consolidated their gains after the DOW spiked above 30,000 for the first time ever on Tuesday. Confidant that a vaccine can be put to use during the first weeks in December is helping to ignite positive sentiment across a variety of pandemic hit sectors.
At the close, the $DJI gained 0.13% to 29,910.37. The NASDAQ Composite closed higher to 12,205.84, up 0.92%. The S&P 500 gained 0.24% to 3638.35. The Russell 2000 was higher, closing up by 0.56% to 1855.20.
The InvestorsPrism family of indexes closed higher. The PRISM Emerging Gene Therapy index closed higher by 3.4%. The PRISM Emerging MedCannabis index is higher by 8.6% on the day. The PRISM Emerging MedDevices index increased by 0.6%.
Other PRISM indexes closed higher. The PRISM Emerging MedDiagnostics index gained 2.8%. The PRISM Emerging New Economy index closed higher by 2.8%, and the PRISM Emerging Pet Care & AgriBiz index closed higher by 2.1%. The biotech heavy PRISM Emerging Vaccines & Cell Therapy index closed higher by 6.4%.
The top commodities are mostly lower at the 4:00pm ET mark. Crude Oil is trading lower to $45.53, down 0.39%. Gold is lower by 1.31% to $1781.90 per oz., and Silver is lower by 3.34% to $22.64 oz. Bitcoin ($BTC) is working to reverse its Thursday selloff, now trading to $16,976.39 as of 4pm est.
*data as of market close at 4pm est on 11/27/20
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