{"id":53536,"date":"2020-12-11T14:41:12","date_gmt":"2020-12-11T19:41:12","guid":{"rendered":"https:\/\/www.ino.com\/blog\/?p=53536"},"modified":"2020-12-11T14:41:12","modified_gmt":"2020-12-11T19:41:12","slug":"stocks-end-week-lower-on-stimulus-concerns","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2020\/12\/stocks-end-week-lower-on-stimulus-concerns\/","title":{"rendered":"Stocks End Week Lower On Stimulus Concerns"},"content":{"rendered":"<p>The stock market started this week with what looked like another record run, but things turned sour mid-week as COVID-19 infections continue to rise both in the US and globally. Adding to the uneasiness is Washington's inability to agree on a stimulus package and jobless claims numbers that continue to grow. Last week's report saw that number grow to 853,000, the highest total since Sept. 19. <\/p>\n<div align=\"center\" style=\"margin-bottom: 20px;margin-top: 10px;\"><iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/NqEkMc5IXoc\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/div>\n<p>Lawmakers seek to pass a bill before lifelines expire at the end of 2020, but disagreements over state and local stimulus, unemployment assistance, and stimulus checks still exist.<!--more--><\/p>\n<p>According to NBC News, Senate Majority Leader Mitch McConnell's staff informed congressional leadership offices that Senate Republicans likely would not support a $908 billion bipartisan proposal. Earlier on Thursday, House Speaker Nancy Pelosi said that bipartisan negotiations led to \"great progress.\"<\/p>\n<p>At the end of the week, the S&P 500 looks at a loss of roughly -1%. The DOW will lose roughly -.60%, and the NASDAQ will have the worst week of the three indexes losing -1.4% or so. <\/p>\n<h2 style=\"color: #003380; font-size: 20px;\">Key Levels To Watch Next Week:<\/h2>\n<ul>\n<li><strong>S&P 500 <a href=\"https:\/\/club.ino.com\/trend\/?v=stock&s=SP500&mktcode=TradersBlogTA\" target=\"_blank\" rel=\"noopener noreferrer\">(CME:SP500)<\/a><\/strong>: 3,552.77<\/li>\n<li><strong>Dow <a href=\"https:\/\/club.ino.com\/trend\/?v=stock&s=DJI&mktcode=TradersBlogTA\" target=\"_blank\" rel=\"noopener noreferrer\">(INDEX:DJI)<\/a><\/strong>: 29,332.82<\/li>\n<li><strong>NASDAQ <a href=\"https:\/\/club.ino.com\/trend\/?v=stock&s=COMP&mktcode=TradersBlogTA\" target=\"_blank\" rel=\"noopener noreferrer\">(NASDAQ:COMP)<\/a><\/strong>: 11,796.53<\/li>\n<li><strong>U.S. Dollar <a href=\"https:\/\/club.ino.com\/trend\/?v=stock&s=DX&mktcode=TradersBlogTA\" target=\"_blank\" rel=\"noopener noreferrer\">(ICE:DX)<\/a><\/strong>: 92.80<\/li>\n<li><strong>Gold <a href=\"https:\/\/club.ino.com\/trend\/?v=stock&s=GC.G21&mktcode=TradersBlogTA\" target=\"_blank\" rel=\"noopener noreferrer\">(NYMEX:GC.G21)<\/a><\/strong>: 1,851.80<\/li>\n<li><strong>Crude Oil <a href=\"https:\/\/club.ino.com\/trend\/?v=stock&s=CL.F21&mktcode=TradersBlogTA\" target=\"_blank\" rel=\"noopener noreferrer\">(NYMEX:CL.F21)<\/a><\/strong>: 45.62<\/li>\n<li><strong>Bitcoin <a href=\"https:\/\/club.ino.com\/trend\/?v=stock&s=BITSTAMPUSD&mktcode=TradersBlogTA\" target=\"_blank\" rel=\"noopener noreferrer\">(BITCOIN:BITSTAMPUSD)<\/a><\/strong>: 16,218.00<\/li>\n<\/ul>\n<p>Every Success,<br \/>\nJeremy Lutz<br \/>\n<a href=\"https:\/\/www.ino.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">INO.com <\/a>and <a href=\"https:\/\/club.ino.com\/members\/?mktcode=blogjl\" target=\"_blank\" rel=\"noopener noreferrer\">MarketClub.com <\/a><\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>The stock market started this week with what looked like another record run, but things turned sour mid-week as COVID-19 infections continue to rise both in the US and globally. Adding to the uneasiness is Washington's inability to agree on a stimulus package and jobless claims numbers that continue to grow. Last week's report saw [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":41,"featured_media":53539,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[14379,6249,6320,6319],"class_list":["post-53536","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trading-videos","tag-bitcoin-bitstampusd","tag-dow-indexdji","tag-nasdaq-nasdaqcomp","tag-sp-500-cmesp500"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v23.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stocks End Week Lower On Stimulus Concerns - INO.com Trader&#039;s Blog<\/title>\n<meta name=\"description\" content=\"Washington&#039;s inability to agree on a stimulus package turned stocks sour mid-week as COVID-19 infections continue to rise.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ino.com\/blog\/2020\/12\/stocks-end-week-lower-on-stimulus-concerns\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stocks End Week Lower On Stimulus Concerns - 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