Homes are flying off the market at a record pace thanks to a perfect storm: pandemic-induced demand for more space, low supply, and apps that make it easier to view, bid for and buy houses — all with a few swipes and clicks.
Wall Street has been in rally mode in recent weeks as the rollout of COVID-19 vaccinations, the massive support from the U.S. government and Federal Reserve, and a string of encouraging economic data fuel expectations for a stronger economy and solid corporate profit growth this year. Traders bid up shares in several companies Friday that reported quarterly results that beat Wall Street’s estimates. Barbie-maker Mattel added 0.8%, Snap gained 7.4% and Boston Beer rose 3%.
Next week will be another busy period for earnings, with 181 S&P 500 companies, including Tesla, Starbucks, Microsoft and Amazon.com, set to report results.
Time to sell
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Stocks end higher, pushing S&P 500 to another record highStocks overcame a midday stumble and ended broadly higher on Wall Street, pushing the S&P 500 to another record high. The benchmark index rose 0.7% Thursday. Communications companies powered a big part of the gain, led by a 7.3% leap in Facebook after the company reported big growth in digital ad revenue. Investors got several encouraging reports indicating that the economy is gaining momentum as it emerges from a recession brought on by the pandemic. The government reported that the economy grew last quarter at a vigorous 6.4% annual rate, and applications for unemployment aid fell again last week. Treasury yields rose. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. U.S. stocks moved higher in afternoon trading Thursday after shaking off an early pullback as investors weigh the latest batch of corporate earnings reports and economic data. BUT what happened? Trump told his supporters the market would CRASH if Biden won!!!! Trump wouldn’t be LYING AGAIN would he😂🤣
Source: AP - 🏆 728. / 51 Read more »
Stocks fall on Friday, but S&P 500 gains 5% in AprilThe major averages slipped on Friday as investors pored over a flurry of earnings results and a robust profit beat from e-commerce giant Amazon. The Dow was down 0.54%. The S&P 500 fell 0.72%. The Nasdaq was down 0.85%. Did we though? Or did we just look at the technicals and figure out the pin...
Source: CNBC - 🏆 12. / 72 Read more »
S&P 500, Dow start month on strong footing, growth stocks lagThe S&P 500 and the Dow indexes ended higher on Monday amid a largely upbeat earnings season, while the Nasdaq came under pressure from declines in some high-flying growth stocks, as the rotation into cyclical and 'reopening' stocks continued. How can this be true? The US President wasn't squawking about it....oh wait....different era now.
Source: Reuters - 🏆 2. / 97 Read more »
'Reopening' stocks give S&P 500, Dow strong footing, tech names lagThe S&P 500 and the Dow indexes ended higher on Monday amid a largely upbeat earnings season, while the Nasdaq came under pressure from declines in some high-flying growth stocks, as the rotation into cyclical and 'economy reopening' stocks continued.
Source: Reuters - 🏆 2. / 97 Read more »