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Stock market today January 20, 2021

stock market today

The US stock market closed higher today on the inauguration day. Both S&P 500 and Nasdaq made record closing figures today. Tech stocks outperformed, small-cap stocks underperformed. The closing numbers for the US stock market today are:

S&P 500: 3,851.85,+52.94(+1.39%)
Dow 30: 31,188.38,+257.86(+0.83%)
Nasdaq: 13,457.25,+260.07(+1.97%)
Russell 2000: 2,161.01,+9.87(+0.46%)

Stock market data: Yahoo Finance

Trending stocks

Netflix, Inc. (NFLX): 586.34+84.57 (+16.85%)

Obalon Therapeutics, Inc. (OBLN): 8.28+6.67 (+414.29%)



US Stock Market Weekly Update December 28- December 31, 2020

stock market

The last trading week of 2020 saw major indexes hitting all-time highs, with small-cap stocks underperforming. A year with solid gains, especially for tech stocks. Will there be a Santa rally for 2021? It is too early for that, but what we should expect is a rotation of stock investing as the US stock market closed 2020 on record highs and stocks have become expensive. Although trading was light all major indices, except for Russell 2000 closed higher for the week. For 2021 I would expect value investing to gain more momentum, as growth stocks may face profit-taking. Both health care and consumer discretionary stocks were strong, while energy stocks lagged.

Economic News

The economic data reported for the week was positive for the US economy. The S&P/Case-Shiller Home Price Indices released showed the health of the US housing market to be strong, with a figure of 7.9%, beating the consensus of 6.9%. The Chicago Purchasing Managers Index released, which shows the overall economic condition in the US was better than expected, with a figure of 59.5, beating the forecast of 57.

The 2020 last weekly Jobless Claims report was a strong one as both Continuing Jobless Claims and Initial Jobless Claims were better than expected. The figures for the Continuing Jobless Claims and Initial Jobless Claims reported were 5.219 M and 787 K respectively. The consensus for the Continuing Jobless Claims and Initial Jobless Claims was 5.39 M and 833 K respectively.

For the week of December 28- December 31, 2020, the major US stock market indexes closed as follows on Thursday, December 31, 2020:

• Dow Jones Industrial Average: Close 30606.48, +1.35% for the week, +7.25% Year-to-date

• S&P 500 Index: Close 3756.07, +1.43% for the week, +16.26% Year-to-date

• Nasdaq Composite: Close 12888.28 , +0.65% for the week, +41.75%, Year-to-date

• Russell 2000: Close 1974.86, -1.45% for the week, +18.36% Year-to-date

Weekly Stocks Gainers

These are the top 3 gainers, stocks with 5 days of consecutive price advances:

1.  Sifco Industries (NYSEARCA:SIF), Close 8.40, 5-day change +115.38%

2.  500Wan.Com Ltd (NYSE:WBAI),Close 9.00, 5-day change +111.76%

3. Beam Global WT (NASDAQ:BEEMW), Close 66.98, 5-day change +44.98%

Weekly Stocks Losers

These are the top 3 losers, stocks with 5 days of consecutive price declines:

1. Fubotv Inc (NYSE:FUBO), Close 28.00, 5-day change -46.76%

2. Opendoor Technologies Inc WT (NASDAQ:OPENW), Close 7.72, 5-day change -35.23%

3. Wunong Net Technology Company Limited (NASDAQ:WNW), Close 37.53, 5-day change -34.13%

Economic events for the week January 4- January 8, 2021:

Important economic data for the next week will be the weekly Initial and Continuing Jobless Claims, the Markit Manufacturing PMI, the ISM Manufacturing PMI, the Trade Balance, the ISM services PMI, the Non-farm Payrolls, and the Unemployment Rate.

Sources:

https://www.wsj.com/market-data/stocks/us/indexes

https://www.barchart.com

https://www.fxstreet.com/economic-calendar

The article appeared first on Talkmarkets.


US Stock Market Weekly Review Dec. 21 – 24, 2020

stock market weekly review

A new $900 billion US stimulus package, long anticipated, did little to the US stock market last week, with major stock indexes little changed. The small-cap and technology stocks continued to outperform as they have in the previous weeks. The shortened trading week due to the Christmas holidays ignored mixed economic news. 

The Gross Domestic Product Annualized (Q3) came in at 33.4%, better than the consensus of 33.1%, but both Personal Income and Personal Spending took a hit. Personal spending came in at -0.4%, worse than the forecast of -0.2%. The Personal Income figure was -1.1%, worse than the consensus of -0.3%.

The Durable Goods Orders were a positive surprise with a figure of 0.9%, beating the consensus of 0.6%.

The Continuing Jobless Claims and Initial Jobless Claims both were reported better than expected. The Continuing Jobless Claims figure was 5.337 M, compared to the consensus of 5.558 M. The Initial Jobless Claims number came in at 803 K, less than the forecast of 885 K.

On the negative side, the Michigan Consumer Sentiment Index released came in at 80.7, less than the forecast of 81.3.

For the week of December 21- December 24, 2020, the major US stock market indexes closed as follows on Thursday, December 24, 2020:

• Dow Jones Industrial Average: Close 30199.87, -0.34% for the week, +5.82% Year-to-date

• S&P 500 Index: Close 3703.06, -0.52% for the week, +14.62% Year-to-date

• Nasdaq Composite: Close 12804.73, +0.31% for the week, +42.71%, Year-to-date

• Russell 2000: Close 2003.95, +1.31% for the week, +19.45% Year-to-date

Weekly Stocks Gainers

Weekly Stocks Losers

These are the top 3 stocks that had 5 days of consecutive price declines:

1. Tuanche Ltd ADR (NASDAQ:TC), Close 3.63, 5-day change -36.32%

2. CRH Medical Corp (NYSEARCA:CRHM), Close 2.17, 5-day change -25.68%

3. Nikola Corp (NASDAQ:NKLA), Close 13.75, 5-day change -20.15%

Economic events for the week December 28- December 31, 2020:

Important economic data for the next week will be the weekly Initial and Continuing Jobless Claims, the S&P/Case-Shiller Home Price Indices, Pending Home Sales, and the Chicago PMI.

Sources:

https://www.wsj.com/market-data/stocks/us/indexes

https://www.barchart.com

https://www.fxstreet.com/economic-calendar

This article on the US Stock Market Weekly Review Dec. 21 – 24, 2020 was first appered on Talkmarkets.


Stock market today December 3, 2020

stock market today

The US stock market closed little chnaged today. S&P 500 closed flat. The closing numbers for the US stock market today:

S&P 500: 3,666.72,-2.29(-0.06%)
Dow 30: 29,969.52,+85.73(+0.29%)
Nasdaq: 12,377.18,+27.82(+0.23%)
Russell 2000: 1,848.70,+10.67(+0.58%)

stocks today

Some trending stocks today were:

Lemonade, Inc. (LMND): 80.35+13.52 (+20.23%)

Splunk Inc. (SPLK): 158.03-47.88 (-23.25%)

Luminar Technologies (LAZR): 22.98+4.98 (+27.67%)

Stock market data: Yahoo Finance

All stock quotes, stock prices as of the close of the stock market today


Stock market today November 18, 2020

Stock market today

A lower close for the US stock market today. Dow Jones fell 344 points and Nasdaq fell 97 points. The closing numbers for the US stock market today:

S&P 500: 3,567.79,-41.74(-1.16%)
Dow 30: 29,438.42,-344.93(-1.16%)
Nasdaq: 11,801.60,-97.74(-0.82%)
Russell 2000: 1,769.32,-22.60(-1.26%)

Stock market data: Yahoo Finance

Stocks today

Some trending stocks today, stocks that moved today were:

Nikola Corporation (NKLA): 25.42+3.39 (+15.39%)

Naked Brand Group Limited (NAKD): 0.1295+0.0415 (+47.16%)

Tesla, Inc. (TSLA): 486.64+45.03 (+10.20%)

All stock prices, stock quotes as of the close of the US stock market today


US stock market weekly performance for the week ending on November 6, 2020

US stock market

A stock market rally in the presidential election week. Russell 2000 turned positive for 2020.

For the week of November 2– November 6, 2020, the major US stock market indexes closed as follows on Friday, November 6, 2020:

• Dow Jones Industrial Average: Close 28323.40, +6.87% for the week, -0.75% Year-to-date

• S&P 500 Index: Close 3509.44, +7.32% for the week, +8.63% Year-to-date

• Nasdaq Composite: Close 11895.23 , +9.01% for the week, +32.57%, Year-to-date

• Russell 2000: Close 1644.16, +6.87% for the week, +2.83% Year-to-date


US stock market a very important week begins today

US stock market and us presidential election

The US stock market is anticipating the result of the US presidential election, a catalyst that can move the stock market and stocks.

Stocks and sectors to monitor during the US presidential election

“Elections 2020: if Trump surprises, JPMorgan strategists think these areas of stock market will be winners.

If Donald Trump pulls another rabbit out of his red MAGA hat on Election Day, JPMorgan strategists think investors should go back to their post 2016 presidential election playbook to try and net some gains.

The game plan would favor buying U.S.-focused stocks over non-U.S. global equities, financials and industrials, say JPMorgan strategists led by Nikolaos Panigirtzoglou. These sectors of the market all outperformed the broader S&P 500 after Trump’s surprise win in 2016, according to JPMorgan’s analysis. Not that the S&P 500’s performance following Trump’s win in 2016 was something to scoff at — it gained about 7.5% from Election Day to the end of the year, shows Yahoo Finance Premium data.

“For the financials in the U.S., the reduced prospects for regulatory tightening could again see the sector gain in the event of a surprise Trump win,” points out Panigirtzoglou.

By contrast, consumer staples and tech could underperform again on a relative basis should Trump win re-election. For tech in particular, it stands to turn into a real whipping boy by the Trump administration (during a nothing to lose second term) on fears of rising monopolistic powers — as seen already in the new attack on Google by the Justice Department. Asian-focused equities could lag as well on concerns of an escalation in Trump’s trade war with China.

Panigirtzoglou sees muted gains in gold (it dropped after Trump’s 2016 win) and copper (it rallied hard last time) if Trump wins — the latter coming as the president has been unclear on an infrastructure plan.”

Stock market data: Yahoo Finance


Stock market today October 26, 2020

Stock market today

A US stock market sell-off today, Dow Jones fell 650 points, Nasdaq lost 189 points, and small-cap stocks underperformed. At the close today the numbers for the US stock market are as follows:

S&P 500: 3,400.97,-64.42(-1.86%)
Dow 30: 27,685.38,-650.19(-2.29%)
Nasdaq: 11,358.94,-189.34(-1.64%)
Russell 2000: 1,601.44,-39.06(-2.38%)

Stock market data: Yahoo Finance

Stock market news

“Stocks pointed sharply lower Monday as new data showed a jump in COVID-19 cases in both the U.S. and Europe. Restrictions tightened across major countries overseas, raising the specter of a further pullback in business operations and deeper anchor on global economic activity.

Losses accelerated around 11 a.m. ET, with the Dow dropping more than 650 points, or 2%. The S&P 500 and Nasdaq each also retreated sharply.

Shares of companies set to benefit from a broader economic reopening including airlines like American Airlines (AAL), cruise lines including Norwegian Cruise Line Holdings (NCLH) and hotels like Wynn Resorts (WYNN) sank. Shares of AstraZeneca (AZN), on the other hand, outperformed after the Financial Times reported that its COVID-19 vaccine candidate developed with the University of Oxford produced a robust immune response in elderly individuals.

The U.S. posted back-to-back days of record-high new virus cases over the weekend, with new virus cases topping 80,000 for each of Friday and Saturday. States in the West and Midwest have been hardest hit by the latest jump in cases.

France endured its own record-high day for new coronavirus cases on Sunday, when the country reported more than 52,000 positive cases over a 24-hour period. Two-thirds of the country became subject to a previously announced 9 p.m. curfew starting Friday night. In Italy, which hit a record-high for new cases last week, new business restrictions came into effect Sunday. Spain declared a state of emergency over the weekend, which also included a country-wide curfew.

“Markets ultimately care about the economic impact of pandemic news,” UBS economist Paul Donovan said in a note Monday morning. “Italy and Spain have followed France in adopting the ‘Buffy the Vampire Slayer’ approach (it is not safe to be out of doors after dark). This is obviously bad news for bars and restaurants, but more positive for supermarkets and home entertainment.”

Elsewhere, shares of Boeing (BA), Lockheed Martin (LMT) and Raytheon Technologies (RTX) came under pressure in early trading after China said it would impose sanctions on the defense units of both companies, following the U.S. approval of a $1.8 billion arms sale to Taiwan last week. China, which considers Taiwan to be part of its territory, has not yet specified the sanctions that will be put into place.”

Source: Yahoo Finance


Stock market today October 21, 2020

Stock market today

A lower close for the US stock market today. Small-cap stocks underperformed,Russell 2000 lost about 14 points. The closing numbers for the US stock market today:

S&P 500: 3,435.56,-7.56(-0.22%)
Dow 30: 28,210.82,-97.97(-0.35%)
Nasdaq: 11,484.69,-31.80(-0.28%)
Russell 2000: 1,603.78,-13.93(-0.86%)

Stock market data: Yahoo Finance

Stocks today

Trending stocks today, stocks that moved.

Snap Inc. (SNAP): 36.50+8.05 (+28.30%)

PayPal Holdings, Inc. (PYPL): 213.07+11.11 (+5.50%)

Marin Software Incorporated (MRIN): 3.7600+2.2600 (+150.67%)

All stock quotes, stock prices at the close of the US stock market today


Stock market today October 16, 2020

stock market today

A mixed close for the US stock market today. S&P 500 closed flat, Dow Jones gained 112points, Nasdaq lost 42 points. At the close today the US stock market numbers:

S&P 500: 3,483.81,+0.47(+0.01%)
Dow 30: 28,606.31,+112.11(+0.39%)
Nasdaq: 11,671.56,-42.31(-0.36%)
Russell 2000: 1,634.91,-3.97(-0.24%)

Stock market news

“U.S. retail sales jumped 1.9% in September from August, blowing past estimates for a 0.8% gain, according to Bloomberg data. Spending at clothing stores surged 11% during the month but held below levels from September last year. Sales at department stores, auto dealers and sporting goods stores also contributed to retail sales’ fifth straight monthly gain.

The upsize surprise for on consumer spending – the biggest contributor to U.S. economic activity – helped offset concerns of the pace of recovery in the manufacturing sector. U.S. industrial production unexpectedly declined for the first time in five months in September, new Federal Reserve data showed.

Meanwhile, shares of Dow-component Boeing (BA) jumped more than 2.5% after Europe’s top aviation regulations agency EASA suggested that the 737 Max will be safe to fly again in the region before the end of the calendar year, according to a Bloomberg interview with the director of the agency. The 737 Max has been grounded globally since March 2019 following two deadly crashes.

Pfizer (PFE), meanwhile, said in an update Friday that it expected to reach a key milestone in its COVID-19 vaccine candidate testing in the third week of November, after which it planned to apply for Emergency Authorization Use through the U.S. Food and Drug Administration. Shares increased more than 1%.”

Stock market data: Yahoo Finance