📈 Stocks Open Higher For The Second Day - But Still On Track For A Weekly Loss
Stocks open higher second day but still on track for a weekly loss. - Here's what is happening in the markets today, Friday, May 21st.
Stocks open higher second day but still on track for a weekly loss
Here's what is happening in the markets today, Friday, May 21st.
Markets were shaken by Bitcoin’s 30% collapse earlier this week but it’s now stable for a second day around the $40,000 range.
Major technology shares were set to continue their rebound. Tesla (TSLA) was higher by 2% in premarket trading. Netflix (NFLX) was also higher.
Cruise lines gained after Carnival (CCL) l said some brands would resume cruises in July. Carnival added 1% in premarket trading.
Ford (F) is trading higher after saying that it has 20,000 reservations for its new electric F-150 pickup.
Jobless claims were released on Thursday and made a new pandemic low.
Despite yesterday’s rebound, the Dow is down 0.9% for the week, on track to see its fourth negative week out of the past five weeks.
The S&P 500 is 0.4% lower on the week, on pace for its second negative week in a row.
On the other hand, the NASDAQ is up 0.8%, positioned to break a 4-week losing streak.
Moderna (MRNA)’s Covid-19 vaccine was officially approved in Japan and South Korea.
IPOs are back: Oatly (OTLY) is trading higher this morning after going public yesterday. Oatly’s IPO was priced at $17 per share, with the first trade at $22.12 and a closing Thursday price of $20.20.
Speaking of IPOs: Robinhood is rolling out the opportunity for its app users to get in on IPOs through its new product called IPO Access. Traditionally, most IPO shares go to financial institutions or the very wealthy or well-connected. With IPO Access, retail traders will get the chance to buy shares at the IPO price.
This wraps up today's stock market news.
If you enjoyed the "Stock Market Today" video, make sure to subscribe to this podcast.
And for more stock market news, visit https://rockwelltrading.com.
#todaysstockmarket #stockmarkettoday #stockmarket
Here's what is happening in the markets today, Friday, May 21st.
Markets were shaken by Bitcoin’s 30% collapse earlier this week but it’s now stable for a second day around the $40,000 range.
Major technology shares were set to continue their rebound. Tesla (TSLA) was higher by 2% in premarket trading. Netflix (NFLX) was also higher.
Cruise lines gained after Carnival (CCL) l said some brands would resume cruises in July. Carnival added 1% in premarket trading.
Ford (F) is trading higher after saying that it has 20,000 reservations for its new electric F-150 pickup.
Jobless claims were released on Thursday and made a new pandemic low.
Despite yesterday’s rebound, the Dow is down 0.9% for the week, on track to see its fourth negative week out of the past five weeks.
The S&P 500 is 0.4% lower on the week, on pace for its second negative week in a row.
On the other hand, the NASDAQ is up 0.8%, positioned to break a 4-week losing streak.
Moderna (MRNA)’s Covid-19 vaccine was officially approved in Japan and South Korea.
IPOs are back: Oatly (OTLY) is trading higher this morning after going public yesterday. Oatly’s IPO was priced at $17 per share, with the first trade at $22.12 and a closing Thursday price of $20.20.
Speaking of IPOs: Robinhood is rolling out the opportunity for its app users to get in on IPOs through its new product called IPO Access. Traditionally, most IPO shares go to financial institutions or the very wealthy or well-connected. With IPO Access, retail traders will get the chance to buy shares at the IPO price.
This wraps up today's stock market news.
If you enjoyed the "Stock Market Today" video, make sure to subscribe to this podcast.
And for more stock market news, visit https://rockwelltrading.com.
#todaysstockmarket #stockmarkettoday #stockmarket