Morning Report 7 Dec 20: US sharemarkets closed at record highs on Friday

Job growth was lower than expected in November but that result raised hopes that a new fiscal relief bill will be agreed. Energy, materials and industrials rose the most. The Dow Jones index closed higher by 249 points or 0.8%. The S&P 500 index rose by 0.9%. And the Nasdaq index rose by 87 points or 0.7%. Over the week the Dow rose 1.0%; S&P 500 rose 1.7%; and the Nasdaq rose by 2.2%.

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