S&P 500 and Dow Jones Sets Record The Dow Jones Industrial Average rose 297.03 points, or 0.89 percent, to 33,800.6, the S&P 500 gained 31.63 points, or 0.77 percent, to 4,128.8 The rise was partly due to growth stocks finding their footing (after being outperformed by value stocks for a good part of the year). Investors received encouragement to invest in growth stocks as a pullback in U.S. Treasury yield
Do you find it daunting to invest in a new market? Is it important for you to read an elaborate analysis of the security you choose to invest in, before you make the final call? Do you find it difficult to gather all the necessary information and readings for the stocks and ETFs you want to invest in? Do you feel unsure about your investment before you choose to make
The new quarter comes with a bullish feeling A combination of settling covid cases increased excitement over the new quarter, and Biden’s $2.3 Trillion infrastructure plan gives a boost to Wall Street and ups market sentiment. The holiday-shortened week ended on a sweet high for Wall Street. The S&P 500 (GSPC) jumped 1.2% last Thursday and closed above 4,000 points for the first time, giving an upbeat start to the
This is also powering the growth highway of several electric vehicle companies. Watch out for the likes of Fisker (FSR), Nikola (NKLA), Lordstown (RIDE), Lucid Motors (CCIV) and XL Fleet (XL), among others. SPACs have ensured these capital-heavy firms have ample money to fasten production and revenue. One-year returns chart of some SPAC EVs in the United States Data as of March 30, 2021 | Source: Yahoo Finance Market capitalization of
Is it over for the tech giants of 2020? U.S. stocks hit a vortex of volatility as markets rallied constant upswings and downswings for the week. Technology stocks continue to make losses as the riders of 2020 lose investor confidence, and higher bond yields continue to lure investors away from the equity market and closer to the bond market. Investor fervour has been settled in recent days as the U.S.
If you thought worries about higher bond yields were behind us, the equity market’s performance last week just proved you wrong. Yields firmed yet again, despite the U.S. central bank signalling a continued low-rate regime. And this weighed on Wall Street’s key indexes too. The Dow (DJI) and the S&P 500 (GSPC) shed 0.5% and 0.8% each — snapping a two-week winning streak. The Nasdaq (IXIC), meanwhile, closed the week
What’s common between Tesla (TSLA), MicroStrategy (MSTR) and Square (SQ)? For one thing, all their shares have soared about 500%-800% in just the past one year. But what’s more interesting is that these three companies, along with a select other U.S. firms, are your gateway to the world of Bitcoin.T 3-month returns chart of Bitcoin This was the case for a three-month period. The yearly gains are even more mind
The Dow (DJI) hit five straight record highs; the S&P 500 (GSPC) and the Nasdaq (IXIC) witnessed biggest weekly rises since early-February. Why? U.S. President Joe Biden’s $1.9-trillion COVID-19 relief bill was approved last week. It is dubbed to be one of the largest economic stimulus in American history. That pushed investors to mop up growth-oriented shares, helping the Dow add 4.1% for the week. The S&P 500 and the Nasdaq added 2.6% and 3.1%,
Did you know about an ecommerce stock that surged over 1,000% during the pandemic year? Or how about some household names among physical retailers that jumped about 60%-75% in a year marred by lockdowns and store closures? Investors in Utah-based Overstock.com (OSTK), an online furniture retailer, and the likes of Target (TGT) and Kohl’s (KSS) must be a happy bunch with their returns, especially in a turbulent environment brought about
As this pandemic age comes with new innovations, groundbreaking developments, and revised standards of living, companies must revolutionize themselves and nimbly adapt to the present. The past year saw an unprecedented switch to the internet, as the people of the world sat stuck in their homes facing a global lockdown. This week, we will discuss in detail, prospects of two such companies that stand to weather this storm and take
