GET TRENDING FINANCIAL NEWS AND INSIGHTS FIRST

Watching the wheels go ‘round and ‘round. Stocks closed out a losing week in the red as lawmakers could not agree on the much-needed, yet highly elusive economic stimulus package. Sentiment is rising, according to the latest U of M survey - we like that.

Direction lost. Stocks slipped yesterday after poor economic numbers and more dissent in Washington. Airbnb’s IPO day pop was a good distraction on a day with very little positive news.

Rudderless. Stocks struggled to find direction yesterday with the vaccine not quite there yet and the expected stimulus… not quite there yet. Investors took the opportunity to rethink the benefits of growth stocks as money-losing mega-unicorn IPO rises +85% on its first day on the exchange.

Anti body. Stocks rose moderately yesterday as investors cling to hope that a stimulus package may come soon. The first wave of vaccinations have started in the UK and the US FDA is in favor of approval for Pfizer’s vaccine, expected within days.

Homebound? Stocks had a mixed close yesterday, held back by hard-to-ignore warnings from governors and mayors that dining out may once again be limited. The Senate inched yet closer to a stimulus deal, raising the odds of a package within December.

Inch by inch. Stocks rallied on Friday as Congress inched closer yet to a potential stimulus package. Jobs data for last month missed the mark, but traders hope the news will give lawmakers more of an incentive to get a bill passed sooner than later.

The $900 billion dollar pyramid. Stocks climbed yesterday on good economic news about employment and the services sector. Senators are talking again and again which has many investors hopeful that a stimulus package will be passed… soon.