2020 was one of the most dramatic years in the history of investing as the coronavirus pandemic accelerated key trends in the stock market. 2020’s… Read More »Tesla Led the S&P 500 in One of the Most Dramatic Years in the History of the Stock Market
An upgrade by Goldman Sachs was the latest catalyst for the stock, already up 609 percent this year. Analyst Mark Delaney based his call on macro and micro factors.
The Nasdaq-100 fell 3.1 percent between Friday, August 28, and Friday, September 4. The SPDR Technology ETF (XLK) declined 4.1 percent. Both were the biggest weekly drops since the coronavirus selloff reached a climax in mid-March.
The S&P 500 rose 3.3 percent between Friday, September 21, and Friday, September 28. It was the biggest weekly gain since the end of June 29 – July 2.