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The S&P 500 remains closest to its benchmark and is just 0.44% away from a new all-time high. The Dow and Nasdaq are roughly 2% away from records.
The after-hours session saw the stock of video-game retailer GameStop sliding 10% in extended trading despite the company s announcement that it s tapped former Amazon executive Matt Furlong to be its next CEO. Investors may be dismayed about a Securities and Exchange Commission information request, as well as a filing with the regulator to sell up to 5 million additional shares.
Investors await the next reading on inflation to gauge if higher price pressures are just temporary as the economy continues to rebound from the pandemic-induced recession.
Dow Jones Spikes More than 300 Points as US Stocks Rebound from Two-Day Loss
Apr 22 2021 · 09:42 UTC | Updated
7 hours ago
Photo: Depositphotos
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After the US stocks have topped record highs this year, the bar to exceed the record levels has been raised significantly.
The Dow Jones Industrial Average (INDEXDJI: . DJI) jumped 316.01 points or 0.93% to 34,137.31 as the US stocks rebounded from a two-day loss. Along with the Dow Jones, the S&P 500, the Nasdaq Composite, and the Russell 2000 all surged on the 21st of April. On the day, S&P 500 rose by 0.9% to 4,173.32, the Nasdaq Composite gained 1.2% to 13,950.22, while the small-cap Russell 2000 rallied 2.4%, pushing its year-to-date increase to over 13%.
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