Invesco QQQ Trust (QQQ) are all green just before 12:30 PM EST.
The move higher Thursday prompted optimism from some analysts, who feel that this week’s action signals just a pullback in a continuing uptrend.
“This bull market ultimately has further to run,” said Keith Lerner, chief market strategist at Truist. “Investors who are underweight equities should look to average into the market weakness and become more aggressive.”
While most sectors suffered damage this week, some investors were more enthusiastic about the economy, championing reopening trades like airlines and cruise line operators. The optimism helped fuel American Airlines, United, and Delta over 2% higher, and boosted the
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Stocks rose on Wednesday as investors waved away a threat by US President Donald Trump not to sign a pandemic relief bill, while the British pound soared on rising expectations of a Brexit trade deal. Reuters/File
NEW YORK: Stocks rose on Wednesday as investors waved away a threat by US President Donald Trump not to sign a pandemic relief bill, while the British pound soared on rising expectations of a Brexit trade deal.
In a video posted on Twitter, Trump said a stimulus bill, agreed upon after months of wrangling in Congress, was “a disgrace” and that he wanted to increase “ridiculously low” $600 payments for individuals to $2,000.
Provided by Dow Jones
By Caitlin Ostroff and Paul Vigna U.S. stocks were little changed Thursday in light holiday trading as investors tracked the latest developments on a new coronavirus aid package and the historic trade deal reached between the U.K. and European Union. The Dow Jones Industrial Average ticked up 9 points, or less than 0.1%. The S&P 500 rose 0.1%, and the Nasdaq Composite added 0.1%. The blue-chip index is down 0.1% for the week, while the S&P 500 is poised for a 0.4% loss and the Nasdaq is up 0.2%. The stock market closes at 1 p.m. ET on Christmas Eve, and U.S. and European markets will be closed Friday.