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Wall St rallies on strong economic data

Wall St rallies on strong economic data
HIGH HOPES:
Forty percent of the S&P 500’s market cap are to issue their earnings results next week, and expectations have been growing in the past few weeks
Reuters
US stocks rallied on Friday, driving the S&P 500 to a near-record closing high, after factory data and new home sales underscored a booming economy while megacap stocks rose in anticipation of strong earnings reports next week.
The bounceback follows a sell-off on Thursday when reports that US President Joe Biden plans to almost double the capital gains tax spooked investors.
Analysts dismissed the slide as a knee-jerk reaction and pointed to the healthy outlook. ....

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Who's investing in GameStop, the stock shocking Wall Street?

Print
For some, it was the desire to make a buck. For others, it was fear of missing out, anger at elites or idle curiosity about what was possible in a world where it’s increasingly hard to tell internet jokes from real life.
United by these disparate motivations, a legion of individual investors along with some mighty Wall Street whales turned GameStop, a money-losing video game retail chain, into the hottest stock in ages. After gaining more than 1,000% since the start of the year, its shares jumped another 68% on Friday, to $325, leaving the company worth more than $22 billion on paper. ....

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Despite Airbnb, DoorDash IPOs, investors should be wary

Despite Airbnb, DoorDash IPOs, investors should be wary
chicagotribune.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chicagotribune.com Daily Mail and Mail on Sunday newspapers.

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