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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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.
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