A huge fear for Wall Street coming into this month was a contested U.S. presidential election, one that could drag the market through more painful uncertainty. And yet the S&P 500 has shot up more than 9 percent this month and closed Friday at a record high. The S&P 500 advanced by 1.4 percent at 3,585.15, and posted a record closing high. The Russell 2000, which tracks small-cap stocks, jumped by more than 2 percent to an intraday record, and posted its first all-time closing high since August 2018. At the sector level, energy and industrials won 3.8 percent and 2.2 percent, respectively, to lead the S&P 500 higher.

Source: The Standard November 13, 2020 19:41 UTC