Jan. 12, 2021
Good evening everyone! Welcome to a new episode of “Stocks Today”, explaining what forces moved the stocks in the U.S. equity market today (Tuesday, January 12, 2021).
The S&P 500 closed slightly positive, up 0.042%. The Dow Jones and the Nasdaq also closed positive, up respectively 0.19% and 0.28%.
Why did the stock market move today?
The fear of new regulation for Big Tech following the riots in Washington and the uncertainties around the vote to impeach President Trump offset the positive outlook for the near future.
The movements seen in the stock market today may also be interpreted as the intent to rebalance the record highs seen last week.
Stock of the day
Following the announcement that the company is planing to launch a new electric-truck business focused on delivery, investors in General Motors (NYSE: GM) saw their stocks jump 6.29% today reaching a new record high at $47.82 a share.
That’s all for this Tuesday’s stock market update. Stay tuned to receive your daily update!