A late rebound in technology companies pulled the stock market out of a slump and helped give the S&P 500 its first weekly gain in three weeks.
Investors were encouraged by a government report that U.S. employers picked up the pace of hiring last month. However they were also still anxious over a recent surge in long-term interest rates in the bond market, which can slow the economy and discourage borrowing.
On Friday:
The S&P 500 rose 73.47 points, or 2%, to 3,841.94.
The Dow Jones Industrial Average rose 572.16 points, or 1.9%, to 31,496.30
The Nasdaq rose 196.68 points, or 1.5%, to 12,920.15.
The Russell 2000 index of smaller companies rose 45.29 points, or 2.1% to 2,192.21.
For the week:
The S&P 500 rose 30.79 points, or 0.8%.
The Dow rose 563.93 points, or 1.8%.
The Nasdaq fell 272.20 points, or 2.1%.
The Russell 2000 fell 8.84 points, or 0.4%.
For the year:
The S&P 500 is up 85.87 points, or 2.3%.
The Dow is up 889.82 points, or 2.9%.
The Nasdaq is up 31.87 points, or 0.2%.
The Russell 2000 is up 217.36 points, or 11%.
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7 Stocks to Buy As Americans Receive Stimulus ChecksMillions of Americans will be receiving an additional $1,400 as part of the Biden stimulus plan after receiving $600 as part of the stimulus bill that President Trump back on December 27, 2020. Many already have.
For many Americans, there is a definite plan for how that money will be spent. And the usual suspects like Walmart (NYSE:WMT) and Amazon (NASDAQ:AMZN) will likely continue to be busy. However, for other Americans, the money they receive will truly be like finding money. Both scenarios present different thoughts for investors.
You may agree with the payments. You may disagree with them. It really doesn’t matter, they’re coming and now as an investor, the question is how can you benefit from the new spending that will undoubtedly occur as a result of Americans receiving this stimulus?
We have some ideas and we’re sharing them with you in this special presentation. It’s comforting to remember that for many people receiving the stimulus checks will help ease the pressure from desperate circumstances.
View the "7 Stocks to Buy As Americans Receive Stimulus Checks".
