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Nasdaq ends higher as Treasury yields pause
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Wall Street ends mixed as Treasury yields pause
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February 1, 2021 10:33 AM Anna-Louise Jackson - Forbes Advisor
Posted:
Updated:
February 2, 2021 11:31 PM
Markets kicked off the new year by repeatedly testing fresh all-time highs through most of January, before a late-month slump saw the gains evaporate. After notching a handful of record closing highs, the S&P 500 ended January down 1.1%.
There were plenty of political headlines driving volatility from the Senate run-off elections in Georgia, to the assault on the Capitol, to the inauguration of President Joe Biden. But perhaps the biggest story came from an unexpected source: Extreme speculation in certain corners of the stock market.
While speculative stock manias are nothing new, the disruptive power of day traders reached a fever pitch in January. The market frenzy in shares of video game retailer GameStop was genuinely shocking, with the stock up 1,700% on the month at one point. Fellow YOLO stock, AMC Entertainment Holdings, was up more than
Stocks, U.S. yields climb after Democrats win control of the Senate Reuters 7/01/2021 By Rodrigo Campos
By Rodrigo Campos
NEW YORK (Reuters) - Bond prices dropped and stocks hit record highs on Thursday as investors bet Democratic control of the U.S. Congress would enable President-elect Joe Biden to borrow and spend heavily, while higher yields helped a bruised dollar recover from near three-year lows. © Reuters/KIM KYUNG-HOON FILE PHOTO: First trading day of stock market in Tokyo
The bullish sentiment remained throughout the day even as the top two Democrats in Congress called for President Donald Trump to be removed from office, one day after his supporters stormed and vandalized the U.S. Capitol in a rampage that left four people dead.
Stocks, Treasury yields climb after Democrats win control of U S Senate
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