Jan. 14, 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 (Thursday, January 14, 2021).
We’ve seen mixed feelings in the stock market today. Both the S&P 500 and the Nasdaq closed negative today, down respectively 0.38% and 0.12% today.
On the contrary, enthusiasm for new stimulus to small business hardly hit by the pandemic made the Russell 2000 index jump more than 2% today.
Why did the stock market move today?
Waiting for details on Biden’s spending package to stimulate the economy hit by the pandemic, investors remained optimistic but still cautious today.
According to data relating to new jobless claims for the week ended on January 9, almost one million people applied for unemployment (965,000). These numbers are higher than expected, rising by 181,000 in one week.
Stock of the day
Despite reporting a loss in its fourth quarter, shares in Delta Air Lines (NYSE: DAL) jumped 2.57% today after beating expectations for revenue.
That’s all for this Thursday’s stock market update. Stay tuned to receive your daily update!