Stocks mixed despite economic data, and vaccine rollouts - Wednesday Review, February 24

Stocks mixed despite economic data, and vaccine rollouts - Wednesday Review, February 24

Most markets gained momentum amid expectations of a new fiscal aid

The US

Stocks closed higher as expectations for a new fiscal stimulus and progress made with the COVID-19 vaccine rollout could potentially lead to a more robust economic recovery. USA30 rose 1.4%, closing at a record high. USA500 added 1.1%, and TECH100 gained 0.99%.

Crude oil lost 0.5% reaching $61.38 per barrel.

Gold settled at $1,805.90 per ounce.

Asia and Australia

Markets were lower even though the US Federal Reserve pledged to continue its support for recovery from COVID-19, and their American peers closed at a record high.

Japan225 fell 0.93%.

HongKong45 slumped 2.36%.

Down under, Australia200 closed 1.05% lower.

Europe

Stocks traded in a mixed manner, as Germany's economic data showed that its economy grew stronger-than-expected at the end of 2020. Germany30 gained 0.4%. UK100 was down 0.7%, and France40 fell 0.1%.

Brent oil closed 0.2% lower at $64.35 per barrel.

EUR/USD traded at 1.2167 after it went up 0.2%.

Sources: investing.com, reuters.com

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