Weekly Market Commentary for January 25th, 2021
Stocks were mixed Friday as COVID-19 concerns resurged and the future of President Biden’s proposed stimulus package remains uncertain. The S&P and the Dow closed lower while the NASDAQ pushed to a record high. For the week, the Dow rose 0.63 percent to close at 30,996.98. The S&P gained 1.96 percent to finish at 3,841.47, and the NASDAQ climbed 4.19 percent to end at 13,543.06.
Weekly Market Commentary for January 11th, 2021
Stocks closed higher Friday, with the S&P at a record high, despite the Capitol riots and a negative jobs report. Investors appeared buoyed by President-elect Joe Biden’s comment that he would support an economic stimulus package in the trillions of dollars, which would include unemployment benefits and rent forbearance. For the week, the Dow rose 1.66 percent to close at 31,097.97. The S&P gained 1.88 percent to finish at 3,824.68, and the NASDAQ climbed 2.45 percent to end the week at 13,201.98.