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
Equity markets in the United States wrapped the week on a negative note, with the Dow (DJI) and S&P 500 (GSPC) recording their first weekly decline in three weeks, and the Nasdaq (IXIC) shedding about 0.7 percent for the week. The period was marred by uncertainty around a coronavirus relief deal, amid disagreements over several aspects of the bill among lawmakers. Aftermarket hours on Friday and well into the weekend,
Wall Street indexes scaled all-time highs during the week due to upbeat developments around a coronavirus vaccine from Pfizer (PFE) and Moderna (MRNA) and increasing hopes of a stimulus to bolster its economy after a weak jobs report. The markets also wrapped up November on a positive note, with the S&P 500 (GSPC) gaining almost 11 percent and the Dow Jones Industrial Average (DJI) seeing its biggest monthly gain since 1987. But,
US markets witnessed a mixed week, with the S&P 500 (GSPC) and the Dow Jones Industrial Average (DJI) giving negative weekly returns. The Nasdaq Composite (IXIC) managed to eke out some gains, thanks to some interest returning in technology and stay-at-home names during the week as coronavirus cases hit record highs. While the week began with positive vaccine data from Moderna (MRNA) and subsequently from Pfizer (PFE), a possible rift
US equity markets witnessed a volatile week following swings between optimism and worries about the coronavirus, easing political uncertainty and corporate earnings. While Pfizer Inc said its experimental COVID-19 vaccine in a Phase 3 trial showed more than 90 percent effectiveness, President-elect Joe Biden sealed his lead over incumbent President Donald Trump in the election. The reduced uncertainty helped S&P clock its best post-election weekly show in at least four decades.
All eyes were on the U.S. Presidential elections as Joe Biden beat Donald Trump in a closely fought election. Traders pressed for further gains as the markets registered the best week in several months. The rising coronavirus cases – four consecutive days of new highs – is increasingly concerning the country. President-elect Biden is expected to announce new steps to address this challenge. Top Stories This Week Biden promises change