briefing.com mid-day wrap, Monday December 28, 2020
28-Dec-20 11:55 ET
Mega-caps carry major indices higher
Dow +222.67 at 30422.48, Nasdaq +90.78 at 12895.52, S&P +30.14 at 3733.20
[BRIEFING.COM] The major indices continue to trade near session highs while the mega-cap stocks have taken the leadership roles away from the cyclical stocks. The S&P 500 is up 0.8%.
To illustrate, shares of Apple (AAPL 136.01, +4.04, +3.1%), Amazon (AMZN 3245.62, +73.13, +2.3%), Facebook (FB 272.61, +5.16, +1.9%), and Alphabet (GOOG 1767.73, +28.88, +1.7%) are up between 1.7% and 3.1%. Conversely, the energy sector is down 0.2% after being up 1.8% earlier today.
Overseas, the major European indices closed on a higher note, except for UK's FTSE, which was closed for Boxing Day. Germany's DAX gained 1.5%, and France's CAC gained 1.2%. The Europe Stoxx 600 advanced 0.7%. |
