Marijuana Stocks Making Moves

The Dow finished the day up 227 points

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Schaeffer's Market Recap
4/23/2021
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Stocks Enjoy Quick Comeback to End the Week


By: Laura McCandless

The Dow closed 227 points higher today, as the broader market swiftly brushed off yesterday's concerns regarding Biden's tax plan, while the S&P 500 Index and Nasdaq finished firmly in the black as well. Bank and tech stocks gave the market a boost, however, today's rally wasn't enough to cover the week's entire deficit, with all three benchmarks notching modest weekly losses.

Meanwhile, investors had plenty of economic data to unpack as well. According to new home sales data for March, new homes were bought at their fastest pace since 2006, at a seasonally-adjusted annual rate of 1.021 million. Furthermore, the IHS Market U.S. composite purchasing managers index rose to 62.2 in April -- a record high. 

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

  • Marijuana stocks making moves this past week. 
  • Analyst upgrades airline concern on risk/reward profile. 
  • Plus, Spotify stock surges; analysts blast INTC with bear notes; and SNAP jumps on revenue beat.  
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