The Nasdaq eked out a fresh closing high
| |  2/09/2021 | | | Have you seen our volatility scorecard? Sign up by clicking here! | Dow, S&P 500 Snap Winning Streak as Investors Await More Stimulus | By: Fernanda Horner | | For most of the afternoon stocks looked to be erasing earlier losses, but within the last few minutes of trading, closed mixed. As some investors started to take profits from this month's red-hot rally, the Dow and S&P 500 sunk just below breakeven, each snapping a six-day winning streak. The indexes did manage to snag fresh intraday highs, though. Meanwhile, the tech-heavy Nasdaq closed with its own record and a fourth-straight win. Elsewhere, some analysts believe a market correction is overdue, and that this recent surge indicates stocks may be nearing a ceiling. Others believe further stimulus could drive the market even higher, and are staying on top of a House proposal that includes $1,400 direct payments to Americans, but with quicker phase-outs this time around. Continue reading for more on today's market, including: - Canopy Growth stock smokes analysts' revenue estimates.
- Quarterly win helps retailer topple overhead pressure.
- Plus, another pot stock hitting fresh highs; Chegg stock pens more records; and checking in with LGIH before earnings.
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