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pandemic-ravaged year

An overview of world stock markets on Thursday (31/12/2020)(1:32 PM - 03/01/2021)

US's stocks closed out the year with strong returns, even given the lingering economic strain induced by the coronavirus pandemic. U.S. economic output remains below pre-virus levels even after a record third-quarter surge, and the labor market is still 9.8 million jobs short of its total before the pandemic hit in March. But heading into 2021, a vaccine is roll-out under way and $900 billion in additional stimulus is set to be unleashed into the economy, offering hopes for a rebound in economic growth and corporate profitability.

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