A version of this story first appeared in CNN Business' Before the Bell newsletter. You can sign up right hereNew York (CNN Business) We're hoping to shelve the word 'unprecedented' for a while as 2021 gets underway — but first, one final look at a 2020. The Dow routinely set new records for worst one-day point drops in history, and the New York Stocks Exchange had to suspend trading in the S&P 500 multiple times as the selloff triggered circuit breakers. One major factor in the surge was unprecedented action by the US Federal Reserve to stabilize markets and boost the economy. Some of the year's biggest winners are investors who closed their eyes and muffled their ears during the pandemic selloff and held onto their stocks.
Source: CNN January 03, 2021 13:41 UTC