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S&P 500 reaches 22nd record close

Market futures except for the US were pointing to a positive start today, after an upbeat finish including the S&P 500 rising to its 22nd record closing high for 2020.
S&P 500 reaches 22nd record close S&P 500 reaches 22nd record close S&P 500 reaches 22nd record close S&P 500 reaches 22nd record close S&P 500 reaches 22nd record close

Wall Street. Image: Unsplash.com/lo lo

Staff reporter

Positive manufacturing data and talk of further fiscal stimulus buoyed markets.

The S&P/ASX 200 also closed higher yesterday, up 1.8%, despite news Australia had officially entered its first recession in almost 30 years due to COVID-19.

The gold price has softened about US$20 an ounce from this time yesterday to $1,940/oz on the spot market.

Cardinal Resources (TSX: CDV) was one of the bigger market risers in Toronto, up 31.4% as the bidding war heats up for the company which has the shovel-ready Namdini project in Ghana.

At the bigger end of town, Barrick Gold closed up 0.78%, within a few dollars of a one-year high.

Similarly in New York, Newmont closed up 0.76% and Freeport-McMoRan rose 0.56%.

Finally in London, Polymetal and Fresnillo fell 3.4% and 3.2% respectively.