As the trading frenzy in GameStop Corp shares and other social media favorites recedes, investors are eyeing signs of potential market stress that could weigh on broader stock performance in coming weeks.
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NEW YORK (Reuters) - As the trading frenzy in GameStop Corp shares and other social media favorites recedes, investors are eyeing signs of potential market stress that could weigh on broader stock performance in coming weeks.
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For now, U.S. equities appear to be looking past last week’s surge in volatility that led the S&P 500 to its biggest weekly decline since October. Solid earnings, fiscal stimulus expectations and progress in country-wide vaccination efforts are leading stocks back to all-time highs.
The S&P 500 and Nasdaq posted records for a second straight session on Friday.
Provided by Dow Jones
By Will Horner and Sam Goldfarb U.S. stocks bounced between small gains and losses Wednesday as investors reacted to a mixed batch of corporate earnings and tracked the progress in Washington toward another round of coronavirus relief spending. The S&P 500 ticked up less than 0.1%. The Dow Jones Industrial Average slipped around 69 points. The tech-heavy Nasdaq Composite Index was near flat after Alphabet reported strong sales growth late Tuesday. The major indexes remained higher for the week, shaking concerns about stretched valuations, a sharp run-up in prices for a handful of stocks and silver, a weak economic backdrop and the threat of new coronavirus variants. Investors have focused instead on better-than-expected corporate results, a decline in new coronavirus cases and bets that President Biden will deliver more fiscal spending in coming weeks.
Provided by Dow Jones
By Will Horner U.S. stocks opened mixed Wednesday, with technology stocks gaining as investors cheered corporate earnings and the prospect of more fiscal stimulus. The S&P 500 ticked up 0.2%. The Dow Jones Industrial Average slipped 86 points. The tech-heavy Nasdaq Composite Index rose 0.5% after Alphabet and Amazon.com reported strong sales growth late Tuesday. Stock markets have rallied this week, shaking off concerns about stretched valuations, a sharp run-up in prices for a handful of stocks and silver, a weak economic backdrop and the threat of new coronavirus variants. Investors have focused instead on better-than-expected corporate results and bets that President Biden will deliver more fiscal spending in coming weeks.