US stocks ended the week and year at records highs on the signing of another stimulus bill. The S&P 500 climbed 1.4%, while the Dow was up 1.3% for the week. Abroad, the FTSE All World Ex US rose 1.3% for the week. The yield on the 10-year Treasury yield was flat for the week ending the year at 0.93%, but down one percentage point from where it started the year.
President Trump signed the relief bill to provide additional support for consumers and businesses.
US retail sales rose 2.4% from Nov 1st to Christmas Eve compared to 2019.
The EU reached a trade agreement with the UK over its exit from the country bloc averting an abrupt exit at the end of 2020.
Home price growth picked up and home sales hit a 14 year high in October.
China finished the year with its 10th consecutive month of manufacturing growth.
IPOs set a record in 2020 with $167.2 billion raised.