GET TRENDING FINANCIAL NEWS AND INSIGHTS FIRST

Defiance. Stocks continued to climb on Friday led by cyclical value shares and small caps. The imminence of a vaccine caused sidelined investors to jump back into global equities.

Veered off. Stocks sold off yesterday as virus cases surge and more stimulus became more elusive. Stocks reversed course from earlier in the week, returning to the here-and-now trade, driven by the pandemic.

The comfort zone. Stocks had a mixed close yesterday as investors sought comfort from old friend technology. A notable pivot back to growth from value left investors wondering if the trend would continue.

A shot in the arm. Stocks had a mixed close yesterday as Monday’s positivity flowed into a second day of value buying. Capital flowed from pandemic-vaunted growth sectors into pandemic-shunned value sectors.

Dusted off the cobwebs. Stocks blasted off yesterday in response to Pfizer’s announcement that its phase 3 vaccine trial was 90% effective. Some cautious finality on the Presidential election added to the bullish sentiment that drove stocks up yesterday.

Here, there, everywhere. Stocks ended the week mixed as investors awaited some finality on the Presidential race. The labor market had a strong showing in October and investors wonder if the trend will continue with new COVID surges.