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US stocks on Thursday posted a trio of record stages and closing highs, registering a remarkable finish, given the political unrest that rocked the world a day ago but failed to derail the thermal of the stock market. The Dow Jones Industrial Average [: DJIA] closed 0.7% higher to end above 31,000, the S&P 500 SPX Index
finished 1.5% at a milestone above 3800, to close at around 3804, while the Nasdaq Composite Index COMP,
finished well above 13,000, propelled by a renewed appetite for tech names following a weak performance in the index Wednesday after the second round of the Senate elections in Georgia. The Nasdaq Composite closed 2.6% higher at 13,067. Investors looked widely beyond Wednesday’s violent clash between pro-Trump protesters and focused on better-than-expected non-manufacturing reports, the index Services of the Institute for Supply Management increased, causing its index to rebound unexpectedly to 57.2 in December, from 55.9. On top of that, weekly jobless claims were almost flat last week, sliding to 787,000 from the revised 790,000 the week before. In company news, Tesla Inc. TSLA,
finished at an all time high, helping to make CEO Elon Musk the richest man in the world, surpassing Amazon.com’s AMZN,
Jeff Bezos. Investors will be watching Friday’s jobs report closely for clues about the health of the economy amid the COVID-19 pandemic.
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