The year 2020 was a wild one for Wall Street, bookended by the end of the longest bull market in history with the battering of equities by the COVID-19 shutdowns, and a bungee-cord rebound on hopes for economic recovery that resulted in the shortest bear market on record. After closing at a record high on […]
Category: Stocks Watch
Why have global stock markets gone up this year?
Around the world, millions of people have lost their jobs or been paid by their governments to stay at home. Yet stock markets have bounced back from steep drops in March. The most striking gains have been made in the US, with the tech-heavy Nasdaq up a whopping 42% and the wider S&P 500 up […]
Dow, S&P 500 wrap 2020 with records, Tesla crosses $700 level
U.S. stocks wrapped a wild 2020 with a basket of records even though Senate Majority Leader Mitch McConnell scuttled increasing the size of stimulus checks to $2,000. The Dow Jones Industrial Average gained nearly 200 points or 0.65%, while the S&P 500 was up 0.64% both closing at record highs. The Nasdaq rose 0.14% just […]
Darknet Giant White House Market Drops Bitcoin, Supports Monero Payments Only
The prominent darknet marketplace, White House Market, has dropped bitcoin payments and now accepts monero only. The darknet marketplace administrators detailed that there was an issue with a payment processor blocking Tor exit nodes, but the full transition to monero was always planned. A number of crypto proponents have reported on the darknet marketplace, White […]
Some Asia-Pacific markets soared over 30% in 2020 — others dropped more than 10%
As 2020 draws to a close, it appears to have been a mixed year for markets in Asia-Pacific as the world continues to look toward a recovery from the coronavirus pandemic. China’s Shenzhen component is a standout among the region’s major markets, having risen 38.73% in 2020. The country’s CSI 300 index, which tracks the biggest firms listed on […]
Why have global stock markets gone up this year?
Around the world, millions of people have lost their jobs or been paid by their governments to stay at home. Yet stock markets have bounced back from steep drops in March. The most striking gains have been made in the US, with the tech-heavy Nasdaq up a whopping 42% and the wider S&P 500 up […]
Nvidia (NVDA) Outpaces Stock Market Gains: What You Should Know
Nvidia (NVDA) closed the most recent trading day at $525.83, moving +1.56% from the previous trading session. This change outpaced the S&P 500’s 0.13% gain on the day. Elsewhere, the Dow gained 0.24%, while the tech-heavy Nasdaq added 0.15%. Heading into today, shares of the maker of graphics chips for gaming and artificial intelligence had […]
Advanced Micro Devices (AMD) Dips More Than Broader Markets: What You Should Know
In the latest trading session, Advanced Micro Devices (AMD) closed at $90.62, marking a -1.07% move from the previous day. This change lagged the S&P 500’s daily loss of 0.22%. Meanwhile, the Dow lost 0.23%, and the Nasdaq, a tech-heavy index, lost 0.38%. Coming into today, shares of the chipmaker had lost 1.14% in the […]
Gold firms as dollar slides to multi-year low
Gold prices edged higher on Wednesday, as the prospect of increased fiscal aid pushed the dollar to its lowest in more than two years, although global COVID-19 vaccine rollouts and increased risk appetite limited bullion’s gains. Spot gold rose 0.3% to $1,883.41 per ounce by 09:53 a.m. EST (1453 GMT). U.S. gold futures were up […]
FTSE 100 index of leading shares hits highest since March
Britain’s index of leading shares closed at its highest since the pandemic sparked a market rout in March as investors on Tuesday cheered the post-Brexit trade deal. In the first day of trading since markets closed on Christmas Eve, the FTSE 100 ended up 1.6% at 6,603 points. It was the Footsie’s best day since […]
‘I’ve never seen anything like it’: 2020 smashes records in global markets
2020 has been the most remarkable year for the global financial markets. After the Covid-19 pandemic triggered the worst crash in a generation, unprecedented stimulus measures and vaccine breakthroughs have sent stocks roaring back to record highs. In a year in which at least 1.7 million people died from coronavirus and unemployment soared in a […]
Market bull Julian Emanuel says stocks look like 2000 bubble top, but don’t fear it
With the major indexes trading around record highs, BTIG’s Julian Emanuel is drawing a parallel to another euphoric time: 2000 dot-com bubble top. According to Emanuel, the market rally’s intensity over the past six months mimics what Wall Street saw 20 years ago. “The participation is on a par with 2000, if not greater,” BTIG’s […]