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VOL. 44 | NO. 49 | Friday, December 4, 2020

Stocks close mostly lower, pushing pause on recent rally

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Stocks are closing mostly lower on Wall Street Monday, taking a pause from their recent rally.

The S&P 500 lost 0.2%. Companies that would benefit most from a reopening economy, like banks and industrial stocks, took some of the sharper losses.

Technology stocks, meanwhile, bucked the downward trend and rose, pushing the Nasdaq to another record high.

It's a flip of the market's recent momentum and a callback to how it was trading earlier this year, before enthusiasm burst higher that one or more COVID-19 vaccines will get the global economy closer to normal next year.

Treasury yields fell.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0