European stocks closed lower in Thursday’s trading, as Europe struggles with lockdowns and COVID-19 restrictions.
For the US, however, stocks closed higher on growing optimism that the US economy is about to receive a much needed fiscal boost after House Speaker Nancy Pelosi hinted that an agreement on stimulus was close to being made.
Denmark Stocks
Denmark closed Thursday lower, as losses in the Oil & Gas, Software & Computer Services and Technology sectors pushed stocks lower. The OMX Copenhagen 20 fell 0.85% on the day.
Germany Stocks
Germany stocks closed lower on Thursday, as gains made in the Consumer & Cyclical, Pharmaceuticals & Healthcare and Industrials sectors kept losses in check. The German DAX closed down 0.12%.
France Stocks
French stocks closed marginally in the red on Thursday as losses in the Foods & Drugs, Gas & Water and General Financial sectors led stocks lower. The French CAC 40 ended the day down 0.05%.
Israel Stocks
Israel stocks closed lower on Thursday, as losses in the Biomed, Technology and Communication sectors pushed shares lower. The TA 35 closed down 0.38%.
US Stocks
US Stocks closed higher on Thursday, finding support after House Speaker Nancy Pelosi said that negotiations toward a new coronavirus aid package with the White House were making progress. However, it still is uncertain if such legislation could get enacted prior to Election Day on November the 3rd.
The Dow Jones Industrial Average DJIA, increased 0.54%, around 153 points. The S&P 500 SPX, ended the day up 0.52%, around 18 points. Meanwhile, The Nasdaq Composite COMP, increased 0.18%, around 21 points.
India Stocks
India stocks closed lower on Thursday as losses in the IT, Banking and Healthcare sectors led shares lower. The Indian Nifty 50 ended the day down 0.35%.
Global stocks have been enduring a volatile and choppy week as a flurry of earnings reports, US elections, Brexit negotiations, and the coronavirus pandemic continue to keep investors on their toes.
