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Stocks End Lower; Tech Earnings Boost Afterhours: Markets Wrap
Bloomberg 1/26/2021 Lu Wang and Claire Ballentine
(Bloomberg) U.S. stocks ended an up-and-down session slightly lower, weighed down by worries over virus variants and hurdles to a fresh aid package. Futures on the Nasdaq 100 Index jumped afterhours following a strong earnings report from Microsoft Corp.
The S&P 500 dropped just over 0.1% on an uneventful day at the index level. Below the surface, sentiment continued to be driven in large part by the retail trading set. GameStop Corp. rallied another 92%, while Pitney Bowes Inc. jumped more than 80% after a comparison to the video-game retailer. Small-caps were among the worst performers as traders turned away from bets on an end to Covid lockdowns.
Stocks End Lower; Tech Earnings Boost Afterhours: Markets Wrap
Bloomberg 1/26/2021 Lu Wang and Claire Ballentine
(Bloomberg) U.S. stocks ended an up-and-down session slightly lower, weighed down by worries over virus variants and hurdles to a fresh aid package. Futures on the Nasdaq 100 Index jumped afterhours following a strong earnings report from Microsoft Corp.
The S&P 500 dropped just over 0.1% on an uneventful day at the index level. Below the surface, sentiment continued to be driven in large part by the retail trading set. GameStop Corp. rallied another 92%, while Pitney Bowes Inc. jumped more than 80% after a comparison to the video-game retailer. Small-caps were among the worst performers as traders turned away from bets on an end to Covid lockdowns.
U.S. equities slump ahead of Big Tech earnings
Anchalee Worrachate and Cormac Mullen Jan 25, 2021, 5:01 PM - Updated on Jan 26, 2021, 6:3, Bloomberg News
BNN Bloomberg s mid-morning market update: Jan. 26, 2021 VIDEO SIGN OUT
U.S. stocks slid ahead of earnings reports from the biggest tech companies. The dollar weakened.
The S&P 500 Index edged lower after struggling to gain traction throughout the day, weighed down by worries over new coronavirus variants and hurdles to a fresh aid package. Small-caps were among the worst performers as traders turned away from bets on an end to COVID lockdowns. GameStop Corp. extended its astronomical surge as day traders continued to pile into the heavily shorted retailer.
U.S. stocks ended an up-and-down session slightly lower, weighed down by worries over virus variants and hurdles to a fresh aid package. Futures on the Nasdaq 100 Index jumped afterhours following a strong earnings report from Microsoft Corp.