WEDNESDAY,DECEMBER 2 , 2020 .THEWASHINGTONPOST EZ RE A
THEMARKETS6 Monitoryourinvestmentsatwashingtonpost.com/markets Dataand graphicsby
GainersandLosersfromtheS&P 1500 Index
Company Close1 D%
Chg
Arlo Technologies 6.90 31.
Kohl'sCorp 36.52 13.
KaiserAluminumCorp 87.57 12.
RayonierAdv Matrl 7.26 12.
US Silica Inc 4.81 11.
ConcentrixCorp 105.00 10.
DieboldNixdorfInc10.42 10.
AmbacFinancialGroup 16.06 9.
NaborsIndustries 57.16 9.
NCR Corp 30.01 8.
AAR Corp 30.66 8.
ArconicCorp 29.71 8.
Cooper-StandardInc 36.52 7.
CenturyAluminumCo 10.94 7.
Cleveland-CliffsInc11.86 7.
ProPetroHolding 6.21 7.
OceaneeringIntl 6.48 6.
MarriottVacationsWw 135.86 6.
Big Lots Inc 55.08 6.
MyriadGeneticsInc 18.66 6.Company Close1 D%
Chg
GannettCo Inc 2.52 -11.
LivePersonInc 52.79 -9.
IHS MarkitLtd 93.60 -5.
Vera BradleyInc 8.00 -5.
EnphaseEnergyInc 128.85 -5.
ExterranCorp 4.00 -5.
eHealthInc 71.68 -5.
MicroStrategyInc 324.00 -5.
SYNNEXCorp 76.02 -5.
PetMedExpressInc 29.10 -5.
SouthwesternEnergyCo 2.95 -5.
Penn VirginiaCorp 8.57 -5.
S&P GlobalInc 334.32 -5.
GeospaceTechnologies 5.90 -5.
CuteraInc 23.76 -5.
TrupanionInc 96.52 -4.
LeMaitreVascular 37.49 -4.
ANI Pharmaceuticals 28.20 -4.
GameStopCorp 15.80 -4.
TactileSys Tech 41.30 -4.LIBOR3-Month
0. 23 %New Car Loan Natl
4. 02Close12 , 355. 11
DOWJONESDJFMAMJJASOND2,2,3,
'19 '6 - monthbill
Yield:
0. 09 %Japan ¥
104. 33Markets YYTD%ChgAmericas CloseDaily
%Chg
- 7 % + 3. 7 %
BRAZILIBOVESPAINDEX 111399.90 2.
S&P/TSXCOMPOSITEINDEX 17296.93 0.
S&P/BMVIPC 42895.63 2.
- 7 % + 3. 7 %
5 - yrnote
Yield:
0. 42 %$1000investedover 1Year30-Yr Fixed mtge
2. 94 %CurrencyExchange9Close3 , 662. 45
5Yr CD Natl
0. 58EU €
0. 83ConsumerRatesNote: Bank primeis from 10 majorbanks.FederalFundsrate is the market
rate, whichcan vary from the federaltargetrate. LIBORis the London
InterbankOfferedRate. Consumerrates are from Bankrate. All figuresas of
4:30 p.m. New York time.Canada$
1. 29Mexico$
20. 04DJFMAMJJASOND18,24,30,
'19 '2 - yrnote
Yield:
0. 17 %Britain£
0. 75MoneyMarketNatl
0. 21DJFMAMJJASOND6,9,1 3,
'19 '1 D%Change
0. 6 %1 D%Change
1. 3 %1Yr CD Natl
0. 41Bank Prime
3. 25 %Data and graphicsby:6Mo CD Natl
0. 281 D%Change
1. 1 %YYTD%Change
13. 4 %S&P 500 IndustryGroupSnapshotIndustryGroupDaily%
Chg
- 2 % Chg% 1 Yr + 76. 2 %
LeisureEquipment&Prod 3. 4
Computers&Peripherals 3. 1
ConstructionMaterials 3. 1
ConsumerFinance 2. 9
Distributors 2. 7
ProfessionalServices - 1. 8
ElectricalEquipment - 1. 4
HouseholdDurables - 1. 1
Air Freight&Logistics - 0. 9
Machinery - 0. 4INTERNATIONALSTOCKMARKETS10 - yrnote
Yield:
0. 93 %AsiaPacific - 23. 7 % + 23. 7 %
S&P/ASX200 INDEX 6588.54 1.
CSI 300 INDEX 5067.10 2.
HANGSENGINDEX 26567.68 0.
NIKKEI 225 26787.54 1.COMMODITIES15-Yr Fixed mtge
2. 42 %FederalFunds
0. 25 %YYTD%Change
37. 7 %Close29 , 823. 92
RATESYYTD%Change
4. 5 %BloombergExchange-Traded
(Ticker) 1 D%Chg
$ 489 $ 1332
Coffee(COFF.L) -0.
Copper(COPA.L) 1.
Corn (CORN.L) -0.
Cotton(COTN.L) 0.
CrudeOil (CRUD.L) -0.
Gasoline(UGAS.L) -0.
Gold (BULL.L) 1.
NaturalGas (NGAS.L) -2.
Silver(SLVR.L) 5.
STANDARD&POOR'SFutures Close 1 D%Chg
Copper 3.49 1.
CrudeOil 44.55 -1.
Gold 1818.90 2.
NaturalGas 2.88 -0.
OrangeJuice 1.26 -2.
Futures Close 1 D%Chg
Silver 24.09 6.
Sugar 14.51 0.
Soybean 11.62 -0.
Wheat 5.77 -1.
Corn 4.21 -1.Europe - 15. 4 % + 15. 4 %
STXE 600 (EUR)Pr 391.90 0.
CAC 40 INDEX 5581.64 1.
DAX INDEX 13382.30 0.
FTSE 100 INDEX 6384.73 1.1-Yr ARM
2. 99 %HomeEquityLoan Natl
4. 97DowJones 30 Industrials
Company Close^1 DCh%g ChYYgT%D
3M Co 170.52 -1.3 -3.
AmerExpCo 119.93 1.1 -3.
AmgenInc 225.08 1.4 -6.
AppleInc 122.72 3.1 67.
Boeing 213.01 1.1 -34.
Caterpillr 173.26 -0.2 17.
Chevron 87.45 0.3 -27.
Cisco Sys 43.54 1.2 -9.
Coca-Cola 52.04 0.9 -6.
Dow Inc 53.53 1.0 -2.
GldmanSchs 232.08 0.7 0.
HnywllInt 206.20 1.1 16.
HomeDepot 276.60 -0.3 26.
IBM 123.16 -0.3 -8.
Intel Corp 49.56 2.5 -17.
Company Close^1 DCh%gChYYgT%DJ&J 147.45 1.9 1.
JPMorgan 119.74 1.6 -14.
McDonald's 216.14 -0.6 9.
Merck&Co81.55 1.4 -10.
Microsoft 216.21 1.0 37.
NIKE Inc 135.44 0.5 33.
Prcter&Gmbl 139.37 0.4 11.
salsfrc.cm 241.35 -1.8 48.
Travelers Cos I133.41 2.9 -2.
UntdHlthGr 341.19 1.4 16.
VerznComm 60.58 0.3 -1.
Visa Inc 211.20 0.4 12.
Walgreens 38.46 1.2 -34.
Walmart 152.64 -0.1 28.
Walt Disney 149.44 1.0 3.BrazilR$
5. 22$1000investedover 1MonthNASDAQCOMPOSITEINDEXBYJEANNEWHALENAdvocates of the U.S. govern-
menttakingabiggerroleinindus-
trial policy gotaboostTuesday
fromabipartisancommission on
China,whichsaidthegovernment
shouldconsidergetting more in-
volvedin promotingU.S. technol-
ogyorrisk losingits edgetoChi-
nese products.
In its annualreport, the influ-
entialU.S.-China Economicand
SecurityReviewCommission ad-
visedCongressto consider estab-
lishing agovernment committee
to workwith companies and U.S.
alliestopush their prioritiesat
globalorganizationsthatsettech-
nologystandards.
U.S. companies have tradition-
ally handled this work them-
selves, but as the Chinesegovern-
mentorchestrates awideeffortto
promoteits own standards, the
United States and its Western al-
lies couldlose controlof the rules
thatdeterminehowtechnology
develops,the commissionsaid.
“This trendthreatens U.S. in-
fluence on the evolutionof tech-
nology, particularlyin competi-
tion with acountrythatseeks to
promotestandards as amatter of
coordinated industrial policyand
heavily subsidizes corporatere-
searchand development,”the re-
portsaid.
“Wecan no longer justsit back
andhope for the best. We have to
have an activistpolicy,”Michael
Wessel,aDemocraticappointeeto
the commission,said Tuesdayas
the reportwas published.
Therecommendation echoes
growingcallsfromRepublicans
and Democratsfor the govern-
menttoshedsomeofitsfree-mar-
ketorthodoxyand takeabigger
role in the economytocounter
China and its growing high-tech
exports.
Sincethe Reagan years,U.S.
conservatives in particular have
argued thatthe government
shouldstay smalland out of the
way, and not engageinwhathas
been derisively called “picking
winnersand losers.”But China’s
rise is forcingpolicymakers to re-
thinkthatconviction.
China’scentral and regional
governmentsareinvesting heavi-
ly in high-tech fields such as air-
craftandelectric-carmanufactur-
ing,semiconductors, and robot-
ics, by someestimates providing
hundredsof billionsof dollars to
domesticcompaniesthroughsub-
sidiesand othersupport.China’saggressive drive to set
technology standards has drawn
lessscrutinybutcarriesbigconse-
quences.
Global adoption of Chinese
tech standardswouldmakeiteas-
ier for China to exportits goods
and secure market share.Wide-
spreadadoption of Chinesestan-dards could also have human
rights implications, LindsayGor-
man,atechnologyexpertatthe
GermanMarshallFund’sAlliance
for SecuringDemocracy, wrotein
arecentreport.
RecentChineseproposals,for
example, have advocated stan-
dardsthatwouldfacilitate top-
downInternet control, Gorman
wrote,addingthatthiscould be
used to “silenceactivists, journal-
ists, or anyonewho runs afoulof
the government.”
There are hundreds of stan-
dards-setting organizationsthatdiscuss and endorse specifica-
tionsfor all types of technology.
Their workensures thataUSB
stick madeby one companyfits
into aUSB portbuilt by another,
for instance,and thatany laptop
can connecttoWiFi anywherein
the world. Some of the main
groupsare the InternationalOr-
ganization for Standardization,
theInternational Telecommuni-
cation Union and the 3rdGenera-
tion PartnershipProject(3GPP),
which is setting standardsfor
ultrafast5Gmobile networks.
WhileU.S. participantsinstan-
dardsbodieshavehistoricallyrep-
resentedtheir companies’inter-
ests, the Chinesegovernmentre-
quiresChinesefirms to vote as a
bloc to supportBeijing’s propos-
alsandtosupportChinesenation-
als for leadership rolesin stan-
dardsbodies, the reportsaid.
Duringone3GPPmeeting,Chi-
nese firms all changedtheir votes
to supportaproposalfromChi-
nese telecomgiantHuawei after
an initial vote showedthatmany
favoredacompromisecombining
Huawei’splan with one from
Qualcomm,aU.S.semiconductor
maker,the reportsaid.
Thefounderof Chinesecom-
putercompanyLenovo“facedtre-
mendouspublicscornin China
for initially voting in favor of
Qualcomm’s proposal, even after
changinghisvotetofavorHuaweiin the final round,”the commis-
sion said.
Beijing also offers individuals
and companiesmoney and other
perks for successfully adopted
technicalstandards,the report
said. China has gone fromhaving
almostnoleadership positions
withinthe InternationalOrgani-
zation for Standardization in
2006 to leading64 of roughly 740
technicalcommittees and sub-
committees, comparedwith 104
for the United States.
MelanieHart,atech industry
veteranwithextensiveexperience
workinginChina,saysthegovern-
mentcouldboostU.S.success at
standards bodiesby subsidizing
smallercompanies’participation.
It costs about$300,000 ayear
for one engineertoworkonstan-
dardsproposalsand attend meet-
ings all overthe world,aprice
manysmallcompanies can’t af-
ford, Hartsaid in an interview.
“Chinesecompanieshavesup-
porttodothis,andAmericanones
don’t.You couldhave grants to
cover travel and membership fees
so it’s not justthe Intels and the
Qualcommsshowingup”fromthe
United States, said Hart,who is
director of China policy at the
Center for American Progress
thinktank,whereshedetailedher
standards recommendationsina
recentreport.
Thecommission’s reportsaidthatanewgovernmentcommit-
tee wouldinclude representatives
fromthe White House and the
Departmentsof State, Commerce
and Defense. It would“identify
the technicalstandardswiththe
greatestpotential impacton
American national securityand
economic competitiveness,”and
wouldworkwithindustry, aca-
demia and alliestopromotethose
standards.
Congress created the 12-person
U.S.-ChinaEconomicand Secu-
rityReviewCommission in 2000
to adviselawmakers on the na-
tional securityimplications of
tradeandeconomicrelationswith
China.
Made up of appointeesnamed
by the Democratic and Republi-
can leaders of Congress,the com-
mission has helpedspark legisla-
tiveactionthroughitspastrecom-
mendations, including bipartisan
bills aimedat revisingtrade, fi-
nanceand tax provisions relating
to China.
Thecommission also helped
promptCongress to expandthe
powersof the Committee on For-
eign Investmentinthe United
States, whichvetsChineseand
other foreigninvestors. Andit
worked closelywithCongress to
implementbanson Huawei tele-
com equipmentin the United
States.
[email protected]Government is urged to do more to promote U.S. tech standards
“We can no longerjust
sitback and hope for
the best. We have to
have an activistpolicy.”
MichaelWessel,memberof the U.S.-
ChinareviewcommissionBipartisancommission
warnsthat Chinacould
gain an advantageAsk aboutShowcaseHomeProgram Discount!202-794-8188•703-910-3653•301-841-PAYMENTSAS LOWAS$OWENSCORNINGBASEMENTFINISHINGSYSTEM- Thermal &AcousticInsulation forComfort and Quiet
- ResistsMold&Mildew*
- Durable,Dent-Resistant &Maintenance Free Walls
- Easy Access to Foundation,Pipes&ElectricalBoxes
- Limited LifetimeWarranty
- ClassAFireRating• Paintable Walls
TURNYOUR UNUSEDBASEMENT INTOYOUR FAVORITE ROOMIN ABOUT 2WEEKS!Valid with couponoonlly. NNew custtomersonlly. NNottvalliiddwiitthh
otherpromotionalooffersoronpreviouslyscheduledprojects.
Pleasepresenntcouponat time of appointment.COMPLETE FINISHEDBASEMENT$2500OFFMHIC#
DC #
VA #2705108835AQualityYouCanAfford
Superior Service|Years of ExperienceFREE Consultation|FREEDesign |FREEEstimates202-741-4431 DC |703-382-8414VA|301-683-7920MD
MHIC #125450|DC#67004413 |VA#2705 108835A|WVA #Financing
As LowAs
$
1
49
PerMonthNo Payment
No Interest‘til (^2021)!
limitedtimeoffers
other restrictions mayapply
BuyNow
andSave
$ 2000
GUIDELINES
STRICTLY
FOLLOWING
CDC
Complete Kitchen Remodeling