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Global stocks rise after turbulent week on Wall Street


Global stocks rise after turbulent week on Wall Street
Global stocks are rising Monday, and Wall Street is getting ready to try to shake off turbulence from last week sparked by the GameStop stock frenzy.
Dow futures were last up 130 points, or 0.4%, reversing course from a 0.8% tumble earlier.
S&P 500 futures were last up 0.5%, while Nasdaq futures were up 0.4%.
US markets are coming off of their worst week since October. The volatility hinged on a handful of trends, including fears from analysts about whether the massive short-squeeze in GameStop and other Reddit favorites are beginning to curtail liquidity in other parts of the market as investors unwind positions. ....

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Global stocks rise as Wall Street braces for more turbulence


Global stocks rise as Wall Street braces for more turbulence
Global stocks and US futures advanced Monday as Wall Street prepared for what could be another week of rocky trading fueled by small investors on Reddit. Silver futures surged as online attention shifted to the precious metal.
Dow futures were last up 177 points, or 0.6%, reversing course from a 0.8% tumble earlier. S&P 500 futures were up 0.8%, while Nasdaq futures climbed nearly 1%. European markets opened with gains, while major Asian indexes advanced.
Some investors are once again turning their attention to vaccine rollouts and a stimulus deal in the United States, chief global markets strategist at Axi, Stephen Innes, wrote in a research note Monday. “Risk is trying to regain its footing but Covid vaccine efficacy concerns and the Reddit Red Raider [are] still on investors’ minds,” he added. ....

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US futures slump after turbulent week on Wall Street


US futures slump after turbulent week on Wall Street
US futures slumped slightly Sunday, building on the turbulence spurred in part last week by the GameStop stock frenzy.
S&P 500 futures were last down 0.1%, while Nasdaq futures slumped 0.2%. Dow futures were flat, improving from a 0.8% tumble earlier in the evening.
US markets are coming off of their worst week since October. The volatility hinged on a handful of trends, including fears from analysts about whether the massive short-squeeze in GameStop and other Reddit favorites are beginning to curtail liquidity in other parts of the market as investors unwind positions.
There are other factors, too. Earnings season is in full swing. There are also questions about whether President Joe Biden’s proposed $1.9 trillion stimulus package can actually get passed, along with uncertainty over the coronavirus vaccine rollout. ....

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