US close: Stocks finish weaker as investors keep Covid in focus

Wall Street closed in negative territory on Wednesday, as stocks climbed down from their record highs in the previous session.

Source: Sharecast

At the close, the Dow Jones Industrial Average was down 0.35% at 30,068.81, the S&P 500 lost 0.79% to 3,672.82, and the Nasdaq Composite was off 1.94% at 12,338.95.

The Dow closed 105.07 points lower, putting the gains recorded a session earlier into reverse.

Optimism around Pfizer and BioNTech's Covid-19 vaccine rollout across the UK drove some gains earlier in the session, while hopes that the Senate would shortly provide a stimulus package to help prop up markets amid an ever-increasing number of new coronavirus cases across the country were also in focus.

Senate majority leader Mitch McConnell said he wanted Congress to pass a Covid-19 relief bill with neither legal immunity for businesses nor state and local government relief, while minority leader Chuck Schumer said McConnell's proposal was not in good faith.

Treasury Secretary Steven Mnuchin later pitched a $916.0bn stimulus package to House Speaker Nancy Pelosi as part of an effort to break a months-long stalemate over aid.

As far as the pandemic itself goes, the US had seen one million new cases in just four days, according to data from Johns Hopkins University, bringing the national total to more than 15 million.

On the macro front, mortgage applications in the United States went down 1.2% in the week ended 4 December, following a 0.6% drop a week earlier.

Applications to purchase a home sank 5% but were still up 22% annually, according to the Mortgage Bankers Association, while applications to refinance a home were up 1.8% week-on-week, or 89% year-on-year.

Elsewhere, wholesale inventories rose at a slightly accelerated pace in October, increasing 1.1% versus the 0.9% growth registered in September and the highest seen since January 2019.

Lastly, job openings unexpectedly rose to three-month high in October, with the number of available positions increasing to 6.65m, according to the Labor Department's Job Openings and Labor Turnover Survey, well ahead of the 6.3m expected by economists.

In the corporate space, Campbell Soup Company was down 2.11% after offering up some weak guidance, while Designer Brands sank 8.35% after it posted a third-quarter loss after falling short on revenue estimates.

Creative software giant Adobe was down 2.33% in regular trading and fell 0.75% after hours, ahead of the release of its fourth quarter numbers.

Dow Jones - Risers

Goldman Sachs Group Inc. (GS) $242.82 1.67%
3M Co. (MMM) $175.29 1.64%
Home Depot Inc. (HD) $265.58 1.47%
Exxon Mobil Corp. (XOM) $42.80 1.33%
Johnson & Johnson (JNJ) $153.10 1.02%
International Business Machines Corporation (CDI) (IBM) $126.79 0.86%
Cisco Systems Inc. (CSCO) $44.69 0.72%
Caterpillar Inc. (CAT) $180.07 0.69%
Walt Disney Co. (DIS) $154.43 0.46%
Merck & Co. Inc. (MRK) $83.47 0.35%

Dow Jones - Fallers

Apple Inc. (AAPL) $121.78 -2.09%
Microsoft Corp. (MSFT) $211.80 -1.95%
Boeing Co. (BA) $232.06 -1.91%
Pfizer Inc. (PFE) $41.85 -1.67%
Visa Inc. (V) $209.58 -1.50%
American Express Co. (AXP) $121.69 -1.48%
Raytheon Technologies Corporation (RTX) $73.54 -1.26%
Intel Corp. (INTC) $50.07 -1.22%
Chevron Corp. (CVX) $90.44 -1.20%
Procter & Gamble Co. (PG) $136.41 -1.19%

S&P 500 - Risers

Lowe's Companies Inc. (LOW) $160.13 5.88%
Eli Lilly and Company (LLY) $158.00 5.83%
General Electric Co. (GE) $11.39 3.92%
Ralph Lauren Corp (RL) $100.83 3.79%
AutoZone Inc. (AZO) $1,136.67 3.71%
Masco Corp. (MAS) $54.05 3.68%
Advance Auto Parts (AAP) $157.95 3.38%
Hartford Financial Services Group Inc. (HIG) $47.57 2.97%
Weyerhaeuser Co. (WY) $31.71 2.95%
Pentair plc (PNR) $52.60 2.90%

S&P 500 - Fallers

Qorvo, Inc. (QRVO) $160.38 -5.64%
Skyworks Solutions Inc. (SWKS) $148.29 -4.81%
Fortinet Inc. (FTNT) $125.34 -4.80%
State Street Corp. (STT) $72.76 -4.06%
Nektar Therapeutics (NKTR) $16.59 -3.99%
KLA-Tencor Corp. (KLAC) $256.49 -3.91%
Carnival Corp. (CCL) $22.69 -3.73%
Netflix Inc. (NFLX) $493.60 -3.72%
Ipg Photonics Corp. (IPGP) $208.19 -3.61%
Lam Research Corp. (LRCX) $493.83 -3.48%

Nasdaq 100 - Risers

Baidu Inc. (BIDU) $151.59 4.55%
Expedia Group Inc. (EXPE) $128.84 2.03%
Vodafone Group Plc ADS (VOD) $17.87 2.00%
Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $275.66 1.35%
Dollar Tree Inc (DLTR) $110.86 1.28%
PACCAR Inc. (PCAR) $87.38 1.12%
Fastenal Co. (FAST) $49.63 1.09%
NortonLifeLock Inc. (NLOK) $19.49 1.04%
Henry Schein Inc. (HSIC) $71.15 0.99%
Booking Holdings Inc. (BKNG) $2,107.11 0.98%

Nasdaq 100 - Fallers

Tesla Inc (TSLA) $604.48 -6.99%
Mercadolibre Inc. (MELI) $1,536.54 -4.91%
Skyworks Solutions Inc. (SWKS) $148.29 -4.81%
KLA-Tencor Corp. (KLAC) $256.49 -3.91%
Workday, Inc. (WDAY) $219.48 -3.81%
Netflix Inc. (NFLX) $493.60 -3.72%
Lam Research Corp. (LRCX) $493.83 -3.48%
Microchip Technology Inc. (MCHP) $139.80 -3.42%
Asml Holdings N.V. (ASML) $452.89 -3.35%
Biomarin Pharmaceutical Inc. (BMRN) $76.16 -3.34%

Compare our accounts

If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.

Lloyds Bank is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.

Important legal information

Lloyds and Lloyds Bank are trading names of Halifax Share Dealing Limited. The Lloyds Bank Direct Investments Service is operated by Halifax Share Dealing Limited. Registered Office: Trinity Road, Halifax, West Yorkshire, HX1 2RG. Registered in England and Wales no. 3195646. Halifax Share Dealing Limited is authorised and regulated by the Financial Conduct Authority, 12 Endeavour Square, London, E20 1JN under registration number 183332. A Member of the London Stock Exchange and an HM Revenue & Customs Approved ISA Manager.

Logo Allfunds

The information contained within this website is provided by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd unless otherwise stated. The information is not intended to be advice or a recommendation to buy, sell or hold any of the shares, companies or investment vehicles mentioned, nor is it information meant to be a research recommendation. This is a solution powered by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd incorporating their prices, data news, charts, fundamentals and investor tools on this site. Terms and conditions apply. Prices and trades are provided by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd and are delayed by at least 15 minutes.

FE fundinfo Logo

Data provided by FE fundinfo. Care has been taken to ensure that the information is correct, but FE fundinfo neither warrants, represents nor guarantees the contents of information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Past performance does not predict future performance, it should not be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise.

Refinitiv Logo

© 2025 Refinitiv, an LSEG business. All rights reserved.