Dow Ends 7-Day Streak as the S&P 500 Closes at New Record High
Stocks end the day mixed as the S&P 500 closed at a new record high, its 53rd record close of the year, while the Dow snapped its 7-day winning streak. Minimum wages are set to rise this week in 21 states. As 2015 rings in, 2.4 million workers hourly wages will increase by an average of $1. While the U.S. economy continues to expand and improve, Russia's economy is shrinking. For the first time in 5 years Russia's economy has shrunk due to falling oil prices and Western sanctions, causing the ruble to fall as much as 8% today.