Stock Market | Stocks | Investing

Stock market, stocks, investing, business, stock trading, stock investing, stock market news, money, finance

Browsing:

Tag: weekly stock market update

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: June 15- June 19, 2020

Stock market weekly update

Read our exclusive US stock market update on Talkmarkets. How the major stock indices performed, top stock gainers, top stocl losers, economic news.


US Stock Market Weekly Update March 30- April 3, 2020

US stock market

“For the week ending on Friday, April 3, 2020, the US stock market declined and all major stock indexes had losses. We had a very negative figure for the US non-far payrolls and the weekly US jobless claims, both of them show the coronavirus negative impact on the US economy. We have to wait for the official figures for the GDP to know if we will have and to what extent a possible recession. Still, significant market moves exist in the financial markets and offer trading opportunities like the rally for oil prices and news that there could be a global oil cut production to support the falling oil prices.”

Read the rest of the US Stock Market Weekly Update March 30- April 3, 2020