The waning pandemic is driving a recovery in leisure and travel, along with a rotation of investor interest away from shares in stay-at-home sector companies that saw a lockdown-driven boom. The so-called pandemic stock portfolio is seeing some churn, with investors pivoting away from companies like food-delivery firm Doordash, entertainment giant Netflix, video conferencing service…
Leisure and Travel Stocks Rally as Fading Delta Wave Upends Pandemic Portfolio
November 6, 2021
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Leisure, Travel Stocks Rally as Fading Delta Wave Upends Pandemic Portfolio
November 6, 2021
admin
Business & EconomyCompanieseconomyleisure and travelMarket WatchMarketspandemic portfoliostockUSUS News
0 Comment
The waning pandemic is driving a recovery in leisure and travel, along with a rotation of investor interest away from shares in stay-at-home sector companies that saw a lockdown-driven boom. The so-called pandemic stock portfolio is seeing some churn, with investors pivoting away from companies such as food-delivery firm Doordash, entertainment giant Netflix, video conferencing…
Business Chart of the Day: Small-Cap Breakout!
For almost a year, shares of the iShares Russell 2000 ETF (IWM) have been in a narrow trading range, but that may have changed. IWM has broken out of the range and may be poised to trade higher. The bottom of the range was around $211. Each time IWM trended lower to this level, the…
Tesla Once Again Raises Prices as Model Y Sells Out, Adds New Free Paint Color
Tesla Inc. has been experiencing tremendous growth not only in its stock price, but also in its demand. The manufacturer can’t keep up with demand as it deals with supply chain issues and growing popularity. Due to this, Tesla has raised the price for the Model 3 and Model Y on its website by $1,000…
Wall Street Books Records, Weekly Gains on Strong Jobs Report
Wall Street’s main indexes scored record closing highs on Friday and booked solid gains for the week following a strong jobs report. The S&P 500 and the Nasdaq notched record high closes for their seventh straight sessions, while the Dow Jones Industrial Average also closed at a record. All three indexes posted weekly gains for…
Ford Sees 77 Percent Rise in Sales of EV Mustang Mach-E in October: What You Need to Know
Ford Motor Co. said on Wednesday it sold more Mustang Mach-Es in October compared to a month ago but the jump was shy of the volumes that it scored in July. What Happened The Dearborn, Michigan-based automaker said it sold 2,848 Mustang Mach-Es in October, up 76.9 percent compared with a month ago. The latest…
US SEC Enforcement Chief Says FY2021 Enforcement Figures Will Be ‘Slightly Down’
WASHINGTON—The U.S. Securities and Exchange Commission’s (SEC) director of enforcement on Friday said the agency’s fiscal year 2021 enforcement figures will be “slightly down” from the prior year. Speaking to a gathering of attorneys, SEC enforcement director Gurbir Grewal said the data, expected to be published within weeks, will show a decline versus fiscal 2020,…
Markets Expected to Sustain Record Rally Despite Fed Tapering
New Analysis The Federal Reserve finished its much-anticipated two-day November Federal Open Market Committee (FOMC) policy meeting Wednesday. The results were everything financial markets had anticipated, market strategists said. Later this month, the central bank confirmed, the Fed will begin tapering its $120-billion-a-month asset-buying program, with plans to wind down the pandemic-era quantitative easing program by…
Record High Stocks Brace for Fed Stimulus Cut
November 3, 2021
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LONDON—Global stock markets traded at fresh record-high levels on Wednesday while the dollar and U.S. Treasury yields ticked down as investors braced for the world’s largest economy to start cutting pandemic-era monetary stimulus. The U.S. Federal Reserve is expected to announce the tapering of its $120 billion-a-month asset purchase programme in its policy statement at…
Wall Street Is Offering Big Pay Increases to Amass a Crypto Army
By Zijia Song and Katherine Doherty From Bloomberg News Wall Street leaders turned up their noses when Bitcoin exploded onto the scene more than a decade ago. Now they’re paying sweet premiums to crypto recruits, amassing an army of enthusiasts within the traditionally staid realm. Some of the biggest banks and financial firms have added…
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