MRNA Seeks to Up Vaccine Doses

The Dow was last seen up over 180 points

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Schaeffer's Midday Market Check
2/01/2021
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Stocks Extend Gains Amid Retail Frenzy, Stimulus Updates


By: Lillian Currens

The major indexes are maintaining sizeable gains at midday, as investors attempt to brush off last week's manic, Reddit-fueled speculative trading.  GameStop (GME) -- one of the main targets -- is plummeting today, as online trading firm Robinhood continues to impose trading restrictions. Meanwhilemany on Wall Street seem to think the worst is already over. It seems like some of this mania has extended to commodities, however. Silver futures saw an 11% surge, with #silversqueeze trending on Twitter (TWTR).

The Dow Jones Industrial Average (DJI) is up roughly 184 points at the midway mark, while the Nasdaq Composite (IXIC) and S&P 500 Index (SPX) are firmly in the black as well. The battle over emergency stimulus is raging, too, after 10 Republican senators sent President Joe Biden a letter urging him to tone down his most recent stimulus proposal, suggesting that he lowers stimulus payments to $1,000 from $1,400.

Continue reading for more on today's market, including:

  • A look at Moderna's latest vaccine update.
  • What analysts have to say about StitchFix stock
  • Plus, food delivery stock blasted with bearish bets; LODE topples long-term overhead pressure; and KOSS becomes Reddit's latest target.
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