The stock market was weak again on Friday session with the losses giving the major indexes their biggest weekly losses since October. Traders digested the ramifications of Johnson & Johnson's (JNJ) coronavirus vaccine trial results, while an ongoing between Wall Street hedge funds and retail investors over Gamestop (GME) added to the spike in volatility. The Nasdaq closed at 13,070 (-2%)...
Continue reading >>Shares of GameStop, AMC and others rebounded aggressively in extended trading on Thursday after Robinhood said it will resume limited trading of previously restricted securities on Friday. “Starting tomorrow, we plan to allow limited buys of these securities. We’ll continue to monitor the situation and may make adjustments as needed,” Robinhood said in a statement. GameStop shares...
Continue reading >>The stock market was tentative throughout Tuesday’s session before closing lower as investors braced for a number of high profile earnings after the close and the start of Fed’s two-day policy meeting. The S&P did manage to test a fresh intraday all-time high while volatility continues to hold a key level a resistance after also closing in the red. The Russell 2000 tested a midday low of...
Continue reading >>With Biden heading to the White House, cannabis stocks are picking up a good deal of momentum including Aurora Cannabis (ACB). In addition, Biden’s pick for health and human services secretary, Xavier Becerra, who supports legalization. “Just as we allow alcohol to be sold, we’ve come into the 21st century and announced that it’s better to regulate MJ than criminalize it. The federal...
Continue reading >>The stock market was tentative throughout Tuesday’s session before closing lower as investors braced for a number of high profile earnings after the close and the start of Fed’s two-day policy meeting. The S&P did manage to test a fresh intraday all-time high while volatility continues to hold a key level a resistance after also closing in the red. The Russell 2000 tested a midday low of...
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