U.S. stocks wrapped a wild 2020 with a basket of records even though Senate Majority Leader Mitch McConnell scuttled increasing the size of stimulus checks to $2,000.

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The Dow Jones Industrial Average gained nearly 200 points or 0.65%, while the S&P 500 was up 0.64% both closing at record highs. The Nasdaq rose 0.14% just shy of its record level.

For the year, the tech-heavy index gained a whopping 43%, while the S&P clocked gains of more than 16% and the Dow over 7%.

Elon Musk's Tesla scored another victory closing above the $700 level pushing annual gains to 743% for the year after being added to the S&P in December. Read more at FOX Business