{"id":106371,"date":"2021-02-05T22:40:32","date_gmt":"2021-02-05T22:40:32","guid":{"rendered":"https:\/\/fin2me.com\/?p=106371"},"modified":"2021-02-05T22:40:32","modified_gmt":"2021-02-05T22:40:32","slug":"sp-500-nasdaq-post-biggest-weekly-gains-since-early-november","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/sp-500-nasdaq-post-biggest-weekly-gains-since-early-november\/","title":{"rendered":"S&P 500, Nasdaq post biggest weekly gains since early November"},"content":{"rendered":"

(Reuters) – U.S. stocks extended their recent rally on Friday and the S&P 500 and Nasdaq indexes scored their biggest weekly percentage gains since the U.S. elections in early November, boosted by optimism over earnings, stimulus talks and progress on vaccine rollouts.<\/p>

FILE PHOTO: Traders work on the floor of the New York Stock Exchange, (NYSE) in New York, NY, U.S., April 30, 2018. REUTERS\/Brendan Mcdermid\/File Photo<\/figcaption>

Both the Dow Jones industrial average and S&P 500 rose for a fifth straight session in their longest streak of gains since August, while the S&P 500 and Nasdaq posted record closing highs for a second day in a row.<\/p>\n

A smaller-than-expected rebound in the U.S. labor market last month highlighted the need for more government aid to shore up the economy. The Labor Department on Friday reported a 49,000 increase in nonfarm payrolls last month, but job losses in manufacturing and construction.<\/p>\n

U.S. President Joe Biden and his Democratic allies in Congress moved ahead with their $1.9 trillion COVID-19 relief package as lawmakers approved a budget plan that will allow them to muscle Biden\u2019s plan through in the coming weeks without Republican support.<\/p>\n

\u201cThe upcoming package of stimulus is going to be big,\u201d said Alan Lancz, president of Alan B. Lancz & Associates Inc, an investment advisory firm based in Toledo.<\/p>\n

\u201cYou have a situation where there\u2019s a lot of cash on sidelines and bonds have really underperformed, so that\u2019s helped some sectors that have really done poorly.\u201d<\/p>\n

Upbeat earnings this week have also supported investor optimism. So far, stronger-than-expected corporate results in the fourth quarter have driven up analysts\u2019 expectations, and S&P 500 companies are on track to post earnings growth for the period instead of a decline as initially expected.<\/p>\n

The Dow Jones Industrial Average rose 92.38 points, or 0.3%, to 31,148.24, the S&P 500 gained 15.09 points, or 0.39%, at 3,886.83 and the Nasdaq Composite added 78.55 points, or 0.57%, at 13,856.30.<\/p>\n

For the week, the S&P 500 gained 4.65%, the Nasdaq added 6.01% and the Dow increased 3.89%. The small-cap Russell 2000 index rose 7.7% for the week, its biggest weekly percentage gain since the week ended June 5.<\/p>\n

The Cboe Volatility index fell and had its biggest weekly point drop since the week ended Nov. 6.<\/p>\n

The S&P 500 technology index ended down 0.2% after hitting a record high earlier in the session.<\/p>\n

Johnson & Johnson rose 1.5% after the drugmaker said it had asked U.S. health regulators to authorize its single-dose COVID-19 vaccine for emergency use.<\/p>\n

Shares of GameStop Corp, caught in the recent social media-hyped trading frenzy, rose 19.2% on Friday, after online broker Robinhood lifted all the buying curbs imposed at the height of the battle between amateur investors and Wall Street hedge funds.<\/p>\n

Clover Health Investments Corp shares ended up 5.7%. It said it would cooperate with a request from the U.S. Securities and Exchange Commission. U.S. regulators are following up on a report about Clover by short-selling specialist Hindenburg Research.<\/p>\n

Advancing issues outnumbered declining ones on the NYSE by a 2.33-to-1 ratio; on Nasdaq, a 1.94-to-1 ratio favored advancers.<\/p>\n

The S&P 500 posted 34 new 52-week highs and no new lows; the Nasdaq Composite recorded 286 new highs and four new lows.<\/p>\n

Volume on U.S. exchanges was 13.65 billion shares, compared with the 15.5 billion average for the full session over the last 20 trading days.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

(Reuters) – U.S. stocks extended their recent rally on Friday and the S&P 500 and Nasdaq indexes scored their biggest weekly percentage gains since the […]<\/p>\n","protected":false},"author":3,"featured_media":106370,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nS&P 500, Nasdaq post biggest weekly gains since early November - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/sp-500-nasdaq-post-biggest-weekly-gains-since-early-november\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"S&P 500, Nasdaq post biggest weekly gains since early November - Fin2me\" \/>\n<meta property=\"og:description\" content=\"(Reuters) – U.S. stocks extended their recent rally on Friday and the S&P 500 and Nasdaq indexes scored their biggest weekly percentage gains since the [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fin2me.com\/markets\/sp-500-nasdaq-post-biggest-weekly-gains-since-early-november\/\" \/>\n<meta property=\"og:site_name\" content=\"Fin2me\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-05T22:40:32+00:00\" \/>\n<meta name=\"author\" content=\"Mark\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/fin2me.com\/wp-content\/uploads\/2021\/02\/cnewsfotor603.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fin2me.com\/markets\/sp-500-nasdaq-post-biggest-weekly-gains-since-early-november\/\",\"url\":\"https:\/\/fin2me.com\/markets\/sp-500-nasdaq-post-biggest-weekly-gains-since-early-november\/\",\"name\":\"S&P 500, Nasdaq post biggest weekly gains since early November - Fin2me\",\"isPartOf\":{\"@id\":\"https:\/\/fin2me.com\/#website\"},\"datePublished\":\"2021-02-05T22:40:32+00:00\",\"dateModified\":\"2021-02-05T22:40:32+00:00\",\"author\":{\"@id\":\"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\"},\"breadcrumb\":{\"@id\":\"https:\/\/fin2me.com\/markets\/sp-500-nasdaq-post-biggest-weekly-gains-since-early-november\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/fin2me.com\/markets\/sp-500-nasdaq-post-biggest-weekly-gains-since-early-november\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/fin2me.com\/markets\/sp-500-nasdaq-post-biggest-weekly-gains-since-early-november\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/fin2me.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Markets\",\"item\":\"https:\/\/fin2me.com\/category\/markets\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"S&P 500, Nasdaq post biggest weekly gains since early November\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/fin2me.com\/#website\",\"url\":\"https:\/\/fin2me.com\/\",\"name\":\"Fin2me\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/fin2me.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\",\"name\":\"Mark\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/fin2me.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g\",\"caption\":\"Mark\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"S&P 500, Nasdaq post biggest weekly gains since early November - Fin2me","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/fin2me.com\/markets\/sp-500-nasdaq-post-biggest-weekly-gains-since-early-november\/","og_locale":"en_US","og_type":"article","og_title":"S&P 500, Nasdaq post biggest weekly gains since early November - Fin2me","og_description":"(Reuters) – U.S. stocks extended their recent rally on Friday and the S&P 500 and Nasdaq indexes scored their biggest weekly percentage gains since the [...]","og_url":"https:\/\/fin2me.com\/markets\/sp-500-nasdaq-post-biggest-weekly-gains-since-early-november\/","og_site_name":"Fin2me","article_published_time":"2021-02-05T22:40:32+00:00","author":"Mark","twitter_card":"summary_large_image","twitter_image":"https:\/\/fin2me.com\/wp-content\/uploads\/2021\/02\/cnewsfotor603.jpg","twitter_misc":{"Written by":"Mark","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/fin2me.com\/markets\/sp-500-nasdaq-post-biggest-weekly-gains-since-early-november\/","url":"https:\/\/fin2me.com\/markets\/sp-500-nasdaq-post-biggest-weekly-gains-since-early-november\/","name":"S&P 500, Nasdaq post biggest weekly gains since early November - Fin2me","isPartOf":{"@id":"https:\/\/fin2me.com\/#website"},"datePublished":"2021-02-05T22:40:32+00:00","dateModified":"2021-02-05T22:40:32+00:00","author":{"@id":"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a"},"breadcrumb":{"@id":"https:\/\/fin2me.com\/markets\/sp-500-nasdaq-post-biggest-weekly-gains-since-early-november\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/fin2me.com\/markets\/sp-500-nasdaq-post-biggest-weekly-gains-since-early-november\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/fin2me.com\/markets\/sp-500-nasdaq-post-biggest-weekly-gains-since-early-november\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/fin2me.com\/"},{"@type":"ListItem","position":2,"name":"Markets","item":"https:\/\/fin2me.com\/category\/markets\/"},{"@type":"ListItem","position":3,"name":"S&P 500, Nasdaq post biggest weekly gains since early November"}]},{"@type":"WebSite","@id":"https:\/\/fin2me.com\/#website","url":"https:\/\/fin2me.com\/","name":"Fin2me","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/fin2me.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a","name":"Mark","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fin2me.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g","caption":"Mark"}}]}},"_links":{"self":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts\/106371"}],"collection":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/comments?post=106371"}],"version-history":[{"count":0,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts\/106371\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/media\/106370"}],"wp:attachment":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/media?parent=106371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/categories?post=106371"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/tags?post=106371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}