Crypto Buzz Surrounds COIN

All three indexes finished the week with gains

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Schaeffer's Market Recap
4/16/2021
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Dow, S&P 500 Stay Hot, Score Record Closes


By: Laura McCandless

The Dow rose 165 points today to score a record close and its third-straight win. The S&P 500 continued its recent rampage up the charts as well, securing a fresh closing high as well as its fourth-straight weekly win. Meanwhile, the Nasdaq managed to eke out a daily win, with all three indexes enjoying weekly gains. Also noteworthy, the Dow Transportation Average (DJT) marked its 11th-straight weekly gain -- its longest streak in 32 years. Strong bank earnings continued to lift spirits through the end of the week, while Wall Street's "fear gauge," the Cboe Volatility Index (VIX) logged its lowest close since Feb. 2020. 

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

  • One analyst sees an attractive entry point for Sunrun stock. 
  • Coinbase stock has taken Wall Street by storm.  
  • Plus, support in place for solar name; UAL undervalued; and where Bitcoin could be headed next. 
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