Stocks claw back some lost ground Thursday; GameStop swings wildly
Investors continue to closely watch the wild swings in GameStop, AMC and other stocks which online investors are pushing higher as a way to take on big hedge funds. Author: DAMIAN J. TROISE (AP Business Writer) Published: 12:41 PM MST January 28, 2021 Updated: 2:45 PM MST January 28, 2021
NEW YORK Major stock indexes clawed back some of the ground they lost a day earlier in their biggest loss since October.
Much of the market’s attention Thursday remained glued to the wild swings in GameStop, AMC and handful of other stocks which online investors have been buying feverishly in an effort to take on big hedge funds betting they will fall.
Nifty sets sight on 14,000, analysts positive on banking stocks
FILE PHOTO: A man walks out of the Bombay Stock Exchange (BSE) building in Mumbai, India, January 3 2020. REUTERS/Francis Mascarenhas/File Photo
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IndusInd Bank Ltd was the top percentage gainer on the Nifty
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Indian stock markets today finished at record highs with benchmark index Nifty inching closer to 14,000. Financial stocks led the advance as Nifty ended 0.43% up at 13,932.60, while the benchmark Sensex rose 0.55% to 47,613.08. The Bank Nifty, which is among the few sectoral indices still down this year, has been catching up with the broader market s advance as foreign investors bet that a rebound in economic activity will benefit lenders.
Markets remained flat as Congress still has no relief package, while Pfizer’s vaccine approval seems imminent.
New York Stock Exchange traders Edward McCarthy, left, and Robert Charmak work Friday on the floor during the IPO for Delwinds Insurance Acquisition Corp. (Colin Ziemer/New York Stock Exchange via AP)
MANHATTAN (CN) A week after posting record highs across the board, the three major U.S. indices flattened on Friday.
By Friday’s closing bell, the Dow Jones Industrial Average managed to eke out a bare profit of 46 points. The S&P 500 and Nasdaq were not so lucky, though they fell only 0.13% and 0.23%, respectively.
The Finance 202: Stimulus talks set off lobbying frenzy as businesses angle for last-minute relief Tory Newmyer
with Brent D. Griffiths Progress toward an economic relief package has stalled out again, as bipartisan talks give way to partisan finger-pointing. But a frenzy of lobbying activity on the measure keeps churning at full tilt, with businesses from beer brewers to airlines scrambling to secure a slice of a potentially trillion-dollar pie. The last must-pass bill of any Congress draws a lobbying crowd. This year with relief funding from last spring spent; federal aid programs set to expire; and pandemic-fueled shutdowns rolling across the map again