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
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
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 The stock of this dying company with an outdated
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
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
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