Feb. 9, 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, February 9, 2021).
Both the S&P 500 and the Dow Jones closed negative today, down respectively 0.11% and 0.03%. The Nasdaq instead reached a new all-time high, closing up 0.14% today.
Why did the stock market move today?
After a straight week of gains on the stock market, investors took a pause from buying as they are waiting for news from Washington on the announced $1.9 trillion stimulus bill. Meanwhile, earnings releases and earnings’ expectations are the main drivers for stock prices in these days.
Stock of the day
With sales of $556.3 million beating the expected $530.3 million and EPS of 45 cents beating the 43 expected, shares in the gaming-gear leader Corsair Gaming (NASDAQ: CRSR) jumped more than 4% in the pre-market.
Nevertheless, the stock closed down 2.8% today as many have seen this quarterly earning as the best moment to cash out some gains, after a very successful stay-at-home trend.
That’s all for this Tuesday’s stock market update. Stay tuned to receive your daily update!