Analyst Sets Lofty Goal for General Electric Stock

The Dow is up roughly 270 points at midday

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Schaeffer's Midday Market Check
5/14/2021
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Dow Eyes Strong Close to Volatile Week With Triple-Digit Pop


By: Lillian Currens

The Dow Jones Industrial Average (DJI) is looking to finish a volatile week on a high note, up roughly 270 points this afternoon and building on yesterday's rally. Investors are mostly brushing off the inflation fears that gripped Wall Street for the early part of the week, while the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) also look to be on the rebound.

Tech is seeing a strong resurgence again today, while stocks tied to the economic reopening are benefiting from the Center for Disease Control's (CDC) easing Covid-19 guidelines. Despite today's pop, it looks like all three indexes are still nursing sizable weekly losses, while the closely-watched Cboe Volatility Index (VIX) is set for its biggest weekly win since late-February.  

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

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