The major benchmarks are set to notch their best week since November
| 2/05/2021 | | Have you seen our volatility scorecard? Sign up by clicking here! | Stocks Eye Sizable Weekly Wins With Stimulus in Focus | By: Lillian Currens | The major indexes are attempting to build off this morning's gains, as traders brush off a worse-than-expected January jobs report. The Dow Jones Industrial Average (DJI) is up roughly 76 points at midday, while the S&P 500 Index (SPX) is firmly in the black, with both indexes on pace to nab their fifth consecutive wins. Meanwhile, the Nasdaq Composite (IXIC) is also higher, and all three benchmarks are eyeing their best week since November. Some of this optimism seems to stem from hopes that this round of disappointing jobs data may speed up stimulus negotiations. Meanwhile, the Senate just passed a budget resolution, and Democrats continue to push for a $1.9 trillion emergency relief bill, with or without Republican support. Continue reading for more on today's market, including: - The quarterly forecast miss putting the breaks on PTON.
- One online real estate stock clocking fresh highs on analyst praise.
- Plus, option bulls blast rallying Zoom stock; AAME jumps out of penny stock territory; and Chinese stock gives up yesterday's massive gains.
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