A recap of the past week in 3 short headlines. 1. Growth and Tech Stocks Back on Solid Ground Tech investors were able to finally catch their breath during this week as the Nasdaq outperformed other indexes and finished the week 3% higher. From the outside, it appears as if the feud between the rising […]
A recap of the past week in 3 short headlines. 1. Bland Week This past week in the market was bland as the Dow recorded an insignificant gain of 0.11% while the S&P 500 and Nasdaq displayed losses of 0.71% and 1.57% respectively. Investors believed that Biden’s environmental policy would garner support for renewable energy, […]
A recap of the past week in 3 short headlines. 1. Fading Excitement With amazing news announced Monday in the form of Pfizer’s reportedly 90% effective vaccine, markets started off the week very strong. The news from the American biotech company helped sustain the broad rally of the past two weeks, leaving non-tech industries that […]
A recap of the past week in 3 short headlines 1. An Election Rebound After selling off in October, markets quickly rebounded this week after seeing election results. Market indices charged ahead, with the Dow Jones gaining 6.11%, the S&P 500 gaining 6.47%, and the NASDAQ gaining 8.04%. More encouraging economic news has arrived, with […]
A recap of the past week in 3 short headlines 1. Volatile Week Stocks had a rough and volatile week, with new information about stimulus, the current economic recovery, and coronavirus numbers. Stocks opened this week up by rising on Monday but then fell for the next three days. They rose on Friday when data […]
A recap of the past week in 3 short headlines 1. Positive Vibes? Happy October! This past week broke the losing streak of the S&P 500 as it finished 1.52% higher for the week. The NASDAQ finished 1.48% higher as well. After 4 consecutive weeks of finishing lower, this past week’s developments could indicate that […]
A recap of the past week in 3 short headlines 1. Is It Over? This past week was the 4th consecutive week that the S&P 500 declined. Continuing its downward trends from the previous weeks of 8/31/2020, 9/7/2020, and 9/14/2020, the S&P 500 and continued their decline as many investors continue to lower their expectations […]
A recap of the past week in 3 short headlines. 1. Tech Continues to Roar The major indexes – S&P 500, Dow 30, and NASDAQ – continue to set record highs amidst a seemingly unstoppable market rally. Tech as a sector continues to dominate. FAANMG and others are surpassing their records and adding billions to […]
On August 19, 2020, Apple Inc. became the first public US company to reach an astonishing $2 trillion market cap. Apple’s stock has soared in the midst of the COVID-19 pandemic—a time when US GDP for the second quarter of 2020 shrank nearly 32%. COVID-19’s Effect on Valuation The technology hardware company and maker of […]