Dow closes in sluggish session as a stimulus for’s hiatus


© Reuters.

By Christiana Sciaudone – The Dow closed higher on Christmas Eve after a shortened session, with technology stocks rising as long-awaited stimulus lagged.

That rose by 0.24% or 71 points. That rose 0.39% while that rose 0.26%.

Republicans and Democrats in the US House of Representatives blocked attempts to amend a $ 2.3 trillion aid and government spending package that was passed unanimously by Congress on Monday. Democrats sought swift passage of laws providing direct payments of $ 2,000 to Americans after President Donald Trump unexpectedly insisted on the provision.

Across the pond, things have been more productive, with the UK and EU finally negotiating a Brexit deal years later and shortly before the deadline.

Financials, industrials, and energy did the worst, while technology, with the exception of, fared best Alibaba (NYSE :), which is down 13% after China announced it would investigate the company for anti-competitive practices. Since the all-time high in October, stocks have fallen 30%. Alibaba, built by billionaire Jack Ma, said it will work with regulators.

The markets are closed on Thursday at 1:00 p.m. CET and on Friday due to the Christmas holidays. See you monday!

Reuters contributed to this report.

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