NEWS

Google Ad

The Blue Chip S&P 500 index clocked fresh record highs on the last day of 2020 up 24 points or 0.6% to 3756 with the SPX up 16% for the year. Vaccine optimism, prospects of further fiscal stimulus fueled by easy money and no fear fueled the speculation.

The technology laden Nasdaq-100 rose a massive 47.6% in 2020 and the full Nasdaq Composite Index up 43.7%. powered by new technogy such as Tesla up 743%, Biotechs such as Moderna up 434% and Stay at Home stocks such as Peloton up 434% and Zoom Video up 396%

The UK's Blue Chip FTSE 100 suffered its worst year since the 2008 financial crisis in 2020. On the last day of the year it closed 1.5% lower at 6,460, down 14.3% for the year. Stocks were hit by the Covid-19 pandemic lockdowns and Brexit uncertainty. Other than in Spain, Britain's top stocks were the poorest performer among the largest global stock indices.

Germany's Blue Chip DAX 30 index ended its last trading session of the year slightly lower at 13,719, near it's record high of 13,903 reached Tuesday, up 3.6% in 2020. German stocks recovered from the coronavirus crash in March, which set the DAX to a near seven-year low on March 16th. German stocks were the best performer among European stock indices for the year.

The French Blue Chip stock index the CAC 40 closed the last day of the year down 0.9% to 5,565 and down 7.1% for 2020. The CAC recovered from the panic selling in March to a 4-year low on the back of the coronavirus pandemic and subsequent lockdowns. France's stocks were well off the record highs seen in Germany and the US in 2020 but performed better than the UK and Spain.

Google ads