Stocks Mixed, Bonds Climb Amid Stimulus Stalemate: Markets Wrap

Treasury’s strong 30-year auction takes market by surprise
Airbnb more than doubles in its trading debut Thursday

Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, says the U.S. government needs to address the public’s concerns over soon to be available Covid-19 vaccines.Source: Bloomberg

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By Rita Nazareth and Kamaron Leach

December 9, 2020 at 9:48 PM UTC

Updated on

December 10, 2020 at 9:16 PM UTC

This article is for subscribers only.

Stocks were mixed as traders assessed prospects for fresh stimulus amid the most-intense negotiations since Election Day.

The S&P 500 came off session lows, while still posting back-to-back losses. The Nasdaq 100 rebounded from Wednesday’s selloff and the Dow Jones Industrial Average underperformed. Airbnb Inc. more than doubled in its trading debut. Treasuries gained after a strong 30-year bond auction dispelled concerns that this week’s debt sales could prove too large to be palatable for investors. The pound slid as U.K. Prime Minister Boris Johnson warned Britain should prepare to leave the European Union’s single market without a trade deal.