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.
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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 »
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Source: Reuters - 🏆 2. / 97 Read more »