Economic data disappointed. Covid cases spiked. And the Treasury Department said it would let five of the Federal Reserve’s special lending facilities expire at year’s end. Yet the selloff never came. More good news on the vaccine front made it all tolerable for the stock market, at least for now.
Yes, the Dow Jones Industrial Average fell on the week, but just 216.33 points, or 0.7%, to 29,263.48, while the S&P 500 slipped 0.8% to 3557.54. The Nasdaq Composite, however, rose 0.2% to 11,854.97, and the Russell 2000 gained 2.4%.