Global Stock markets finished modestly positive for the week on strong earnings growth and the increasing likelihood of additional fiscal stimulus. In economic news, inflation and jobs data came in below expectations, as growth has stalled, and continuing claims remain significantly higher than pre-pandemic levels. With the entertainment and restaurant industries largely still on pause, a broad vaccine uptake will likely be a tailwind for the job market as demand begins to return
United States
The major global indices notched a second week of gains and reached record highs, seemingly helped by the accelerating rollout of coronavirus vaccines and declining case trends. Communication services stocks outperformed in the S&P 500 Index, boosted by solid gains in Twitter and video gaming shares. Rising oil prices helped energy stocks, while weakness in Amazon.com and Tesla weighed on the consumer discretionary sector. Mid- and small-caps built on their substantial year-to-date lead over large-cap stocks, and value shares also outperformed.
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