Publishing date: Jan 29, 2021 • January 29, 2021 • 2 minute read • The U.S. Securities and Exchange Commission (SEC) on Friday said its regulators were keeping an eye on the whipsawing share prices of some Wall Street stocks that had been targeted by a social media-driven campaign intended to make wealthy hedge funds suffer. Photo by Olivier Douliery/AFP via Getty Images
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Global equities slumped in a broad retreat that extended across industries amid lingering concerns that retail trading was creating havoc and as traders mulled an uncertain outlook for deploying coronavirus vaccines. Treasury yields rose.
The S&P 500 Index fell almost 2 per cent, turning negative for the year and posting its biggest weekly decline in three months as day traders’ bids for heavily-shorted stocks fuelled speculation hedge funds would need to reduce their market exposure. GameStop Corp. and AMC Entertainment Holdings Inc. soared in a return of volatility for sto
Tech Stocks Rise With Small Caps; Treasuries Slip: Markets Wrap
Bloomberg 1/19/2021 Anchalee Worrachate and Cormac Mullen
(Bloomberg) U.S. stocks rose, led by gains in tech shares and small caps, with Wall Street parsing the latest earnings ahead of a flood of reports this week.
The S&P 500 Index rebounded from Friday’s selloff after a three-day weekend that brought little by means of fresh macro news. Ten-year Treasury yields climbed back toward 1.1% and the dollar weakened. Crude oil and emerging markets also advanced. Goldman Sachs Group Inc. turned lower even after reporting that profit more than doubled. Bank of America Corp. shares edged higher after its results. General Motors Co. rose to a record after Microsoft Corp. invested in its self-driving car startup. Netflix Inc. reports results after markets close.
Tech Stocks Rise With Small Caps; Treasuries Slip: Markets Wrap
Bloomberg 1/19/2021 Anchalee Worrachate and Cormac Mullen
(Bloomberg) U.S. stocks rose, led by gains in tech shares and small caps, with Wall Street parsing the latest earnings ahead of a flood of reports this week.
The S&P 500 Index rebounded from Friday’s selloff after a three-day weekend that brought little by means of fresh macro news. Ten-year Treasury yields climbed back toward 1.1% and the dollar weakened. Crude oil and emerging markets also advanced. Goldman Sachs Group Inc. turned lower even after reporting that profit more than doubled. Bank of America Corp. shares edged higher after its results. General Motors Co. rose to a record after Microsoft Corp. invested in its self-driving car startup. Netflix Inc. reports results after markets close.
S&P 500 Rallies to Close the Year at Record High: Markets Wrap
Bloomberg 12/31/2020 Vildana Hajric and Sarah Ponczek
(Bloomberg) U.S. stocks climbed to a record high on the year’s final trading day amid thin trading. The dollar eked out an advance.
The S&P 500 Index and Dow Jones Industrial Average turned positive in the afternoon and ended at all-time highs. Volume was about 15% below average on the S&P. Financial companies were among the best performers, while energy producers slumped. European stocks dipped. Markets in Japan, Germany and South Korea were shut for New Year’s Eve.