Business
US markets close at record highs to cap off a tumultuous year – Sydney Morning Herald
All three major indexes gained ground, with the Dow and S&P 500 picking up steam in the session’s final minutes to exit 2020 at record highs.
“When you think about the year we’re glad it’s over, but it was also unbelievable in a lot of different ways,” said Ryan Detrick, senior market strategist at LPL Financial in Charlotte, North Carolina. “This is the first year in history that the S&P was down 30 per cent for the year at one point and managed to end higher.
“It is a good reminder for investors to have a longer time horizon and when bear markets arise they likely should be viewed as opportunities and not a time to panic, which is easier…
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