Monthly Archives: January 2021


Nasdaq Hits Another Record High, as Joe Biden Takes Over as US President

Wall Street closed higher last week, as Joe Biden was sworn in as the 46th President of the United States. Markets recorded sharp gains on the inauguration day of the new President but soon lost some steam, as investors assessed Biden’s proposed $1.9 trillion pandemic relief package, which includes direct payments of $1,400 for Americans. During his speech, Biden

By |2021-01-26T11:25:57+05:30January 25th, 2021|Finance|0 Comments

US Stocks Record Gains in First Week of 2021, Congress Confirms Biden As Next President

US stocks started off 2021 with a massive downturn on Monday, after ending the previous year on a strong note. Markets turned higher after the slump on prospects of higher government aid with the Democrats winning the Senate race in Georgia. The Congress also confirmed Joe Biden’s win as the US President last week a

By |2021-01-11T10:49:20+05:30January 11th, 2021|Finance|0 Comments

What’s in the IPO Pipeline for 2021?

Last year was a phenomenal year for IPOs, with various companies raising a record $167.2 billion. The previous record was set at the apex of the “dotcom bubble” ($107.9 million). Nearly half the amount in 2020 was raised by an uptrend of Special Purpose Acquisition Companies (SPACs), allowing the market to participate in private equity

By |2021-01-06T15:07:50+05:30January 6th, 2021|Finance|0 Comments

Wall Street Ends 2020 On Strong Note Following Upbeat Jobless Claims Data

US stocks closed higher on the last trading day of the week, also wrapping a year in which the markets went through a rollercoaster ride. Wall Street plummeted sharply in February and March with the coronavirus outbreak spreading outside China, which forced several countries to impose lockdown restrictions, bringing economic activity to a grinding halt.

By |2021-01-04T10:48:05+05:30January 4th, 2021|Finance|0 Comments