Monthly Archives: February 2021


Wall Street Settles Last Week Mostly Lower, Despite Decline in Covid-19 Cases

US stocks ended the holiday-shortened week on a cautious note, amid a rise in Treasury bond interest rates. US Secretary of the Treasury Janet Yellen told reporters that further fiscal stimulus is needed to help the country get back to full employment, despite some economic reports pointing towards a recovery. Meanwhile, the Labor Department reported

By |2021-02-22T10:44:56+05:30February 22nd, 2021|Finance|0 Comments

US Stocks Record Best Week Since November Despite Weak NFP Report

US stocks started last week on a strong note, driven by hopes of additional stimulus from the Biden administration. Wall Street wrapped up a solid week, with the S&P 500 and Nasdaq closing at fresh highs on Friday, despite a mixed non-farm payrolls (NFP) report for January. The US Labor Department reported an addition of

By |2021-02-08T10:49:27+05:30February 8th, 2021|Finance|0 Comments

Wall Street Nosedives on Speculative Trading

Wall Street experienced a rollercoaster ride last week with heightened speculative trading driving severe volatility. Shares of GameStop jumped around 400% in heavy trading during the week, fueled by Reddit posts. The stock of this dying company with an outdated business model spiked after retail traders came together to push share prices higher after reading

By |2021-02-01T10:40:21+05:30February 1st, 2021|Finance|0 Comments