On Wall Street, the Dow Jones ended its day 300 points higher at 30,603.European markets were mixed, with Britain's FTSE down to 6,526 and Germany's DAX up to 13,666.Tech heavyweights including Microsoft, Facebook, Netflix and Alphabet led the gains, a day after the US stock indices endured their worst session in three months.
"Investors are digesting earnings that came out overnight and this morning, and taking a look at the fundamentals of what's going on in specific companies, as well as any outlook that can be provided to try to justify valuations," said Brian Vendig, managing executive at MJP Wealth Advisors in Westport, Connecticut.
Meanwhile, the US economy grew at a 4 per cent annualised rate, in line with expectations, as the virus and lack of another spending package curtailed consumer spending. That was according to the December-quarter GDP figures from the US Commerce Department.
Source: News Formal (newsformal.com)
Why don't we restrict trading so we can't lose 46b? Wall Street did it to GameStop just fine.
This article has a protective spirit toward the billionaire class. The Gamestop story deserves a much closer look.