Market Blog

S&P 500 Records It’s Best Weekly Performance Since November

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.
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GameStop Steals Spotlight Amid Wall Street’s Subdued Performance

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
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Wall Street Reports Positive Gains as Biden Takes Office

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
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Wall Street Begins 2021 on a Stimulus Induced High

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
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Markets Close on an Optimistic Note as 2020 comes to an End

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
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Stocks Post Modest Gains in Christmas holiday-shortened Week

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.
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Wall Street Records a Strong Week as Stimulus takes Shape

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
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Wall Street records first Weekly Decline in 3 weeks

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,
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Market hits records despite unstable Virus Situation

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,
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Pandemic Surge Withers Markets

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