The rotation away from large Nasdaq stocks like Tesla has intensified, resulting in the market’s biggest divergence since the dotcom bubble broke a generation ago.
The video-game retailer entered the session with a year-to-date gain of over 1,600 percent, propelled by a short squeeze of epic proportions. Seconds after 10 a.m. ET, it reached a high of $483. GME then reversed and plunged 77 percent to $112.25 by 11:25 a.m. before bouncing.
The S&P 500 rose 1.8 percent between Thursday, December 31, and Friday, January 8. It was the biggest weekly gain since late November. planting the index above 3,800 for the first time ever. The Nasdaq-100, Russell 2000 and Dow Jones Industrial Average also hit new records.
ADP’s private-sector payrolls report on Wednesday and the Labor Department’s non-farms payrolls report on Friday both missed estimates. They were also negative — showing actual job losses — for the first time in at least six months.
Value stocks have gained popularity this month as investors look for vaccines to end the coronavirus pandemic. This article will consider key things to know:… Read More »What Are Value Stocks? How Do I Find Them?
Exchange-traded funds or ETFs are a type of fund that owns the underlying assets (stocks, commodities, bonds, etc.) and divides ownership of those assets into… Read More »What Are ETFs And How Can They Help My Portfolio?
First, prominent members of the opposing Democratic party are voicing support. That includes both Nancy Pelosi in the House of Representatives and Charles Schumer in the Senate. Wall Street bigwigs Jamie Dimon and Lloyd Blankfein, both Democrats, agree.