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Dow snaps 3-day slide, stocks kick off week with gains as Yellen calls for more fiscal aid MarketWatch 1/19/2021 MARKET SNAPSHOT U.S. stocks rose Tuesday, with technology stocks leading gains, as Janet Yellen in her Senate confirmation hearing called for more fiscal aid for the pandemic-battered economy. Investors also prepared for the inauguration of President-elect Joe Biden on Wednesday and watched a stream of fourth-quarter earnings. On Friday, stocks closed lower for the day and week, with the Dow posting a weekly loss of 0.9%, the S&P 500 and Nasdaq Composite both fell 1.5% on the week. However, the small-capitalization Russell 2000 index posted a weekly gain of 1.5%. ....
Provided by Dow Jones By Joe Wallace and Michael Wursthorn Political unrest in Washington didn t dent the stock market s ongoing rally Thursday, with U.S. stocks climbing toward fresh records. Financial and technology stocks led Thursday s gains, pushing the S&P 500 up 1.5% and putting the broad index on pace to close at its first record of 2021. The Dow Jones Industrial Average also rose, adding 237 points to 31067, while the Nasdaq Composite jumped 2.5%, putting both of those benchmarks on track for new closing highs as well. Investors largely looked past Wednesday s violent clash between pro- Trump protesters and law enforcement in the Capitol building that left four people dead, instead focusing on what the shift of political power from Republicans to Democrats means for the market. ....
FAANG stocks rebound after Democratic wins in Georgia shake Big Tech Will DanielJan 8, 2021, 03:17 IST Big Tech recovers after a rough day Wednesday on Wall Street.Matteo Colombo/Getty Images FAANG stocks recovered Thursday after a tough Wednesday session caused by Georgia s surprising election results. Gillman Hill Asset Management CEO Jenny Harrington pointed to newfound clarity of what s to come from Washington as her reasoning for the rebound. Other analysts noted the potential for more fiscal support and less political gridlock as a boost to Big Tech names. Jon Ossoff and Raphael Warnock pulled off narrow victories in the Georgia Senate election runoffs Wednesday. This led to uncertainty for FAANG names, which were down across the board, as investors digested the likelihood of increased regulation for Big Tech under a Democrat-controlled government. ....