Shares on Wall Street recorded a negative close as firming U.S. Treasury yields outweighed optimism about an improvement in the country’s economy. The Dow Jones (DJI) shed 1.8% for the week, while the S&P 500 (GSPC) and the Nasdaq (IXIC) slid 2.45% and 4.9%, respectively. Major tech names such as Apple (AAPL), Amazon (AMZN), Facebook (FB) and Tesla (TSLA) dropped throughout all sessions during the week, with stocks recording losses
Wall Street’s main indexes closed on a subdued note last week, with the Nasdaq (IXIC) shedding over 1.5%, the Dow Jones (DJI) adding just about 0.1%, and the S&P 500 (GSPC) falling by 0.7% for the week. The week started on a strong note, with indexes hitting record highs, as strong earnings, hopes for a stimulus package and progress in vaccination rollouts propelled the markets. However, some profit-taking towards the
Markets were on the uptick last week, as the S&P 500 (GSPC), the Dow Jones Industrial Average (DJI), and Nasdaq (IXIC) gained 1.2%, 1%, and 1.7% respectively. The indexes are all in slightly positive territory so far in 2021 after having rallied tumultuously last year. These major indexes notched a second week of gains and reached record highs, seemingly helped by the accelerating rollout of coronavirus vaccines and declining case
Wall Street’s main indexes put on a strong show last week, with the S&P 500 recording its best week since November. For the week, the benchmark index rose 4.65%, while the Nasdaq posted its best week since November 6, 2020. Markets focused on corporate earnings and progress in vaccine rollouts, with the U.S. coronavirus package on investors’ radar as President Joe Biden seeks to pass his $1.9 trillion recovery plan.
Wall Street’s main indexes closed a stormy week on a lower and a volatile note that comprised a David vs Goliath battle between retail investors and major financial institutions holding short positions on stocks such as GameStop (GME). The likes of GameStop and AMC Entertainment (AMC) were at the centre of the retail-buying frenzy, worrying analysts of such trades spilling over to other names. An army of retail investors traded
Wall Street indexes posted positive gains for the week, with the S&P 500 gaining 1.9%, the Dow rising 0.6%, while the Nasdaq jumped 4.2%. The holiday-shortened week began with Joe Biden taking charge as the 46th President of the United States, while Kamala Harris became the first woman, first Black and first Asian American Vice President of the country. Along with the political developments, corporate earnings were in full swing as
Markets kicked off 2021 on a strong note, with Wall Street’s main indexes closing the week at a record high on news around stimulus. The week began with Senate runoffs in Georgia being won by Democrats, giving the party control of the chamber and set the stage for more stimulus and public spending to boost the domestic economy. Following a disappointing jobs report during the week, President-elect Joe Biden on
In a year when the COVID-19 pandemic infected and killed millions of people globally, with the United States recording the highest number of coronavirus cases, stock markets wrapped up 2020 on an extremely upbeat note. The Dow Jones (DJI) and the S&P 500 (GSPC) closed at record highs on December 31, 2020, and clocked gains of 7.2% and 16.3%, respectively. The tech-heavy Nasdaq (IXIC) wrapped up the year with a
Equity markets in the United States ended the Christmas week with minor gains, with the Nasdaq rising the most with its modest 0.4% weekly gain. Trading volumes were thin in the holiday-shortened week even as the focus remained on the United States’ response to the coronavirus crisis and a stimulus bill to counter the pandemic’s economic damage. During the week, Republicans and Democrats agreed to a $2.3 trillion pandemic aid.
Stock markets in the United States had a good week, with Wall Street’s major indexes recording gains for the week ended on December 18, 2020. The Dow (DJI) was up 0.4%, while the S&P 500 (GSPC) and the Nasdaq (IXIC) rose 1.3% and 3.1%, respectively. Developments around a U.S. stimulus package had kept investors guessing throughout the period, while the inclusion of Tesla (TSLA) in the S&P 500 from December