Feb. 10, 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 (Wednesday, February 10, 2021).
Both the S&P 500 and the Nasdaq closed slightly negative today, down respectively 0.035% and 0.25%.
Why did the stock market move today?
For the second day in a row, 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
After revealing a growing number of daily users (192 million), shares in Twitter (NYSE: TWTR) jumped 13.16% today. The fears for possible regulation following the ban imposed on Donald Trump made the stock price fall recently.
The social media announced that in January 2021 it added more daily users than the average number of users it has added in the month of January during the past four years.
That’s all for this Wednesday’s stock market update. Stay tuned to receive your daily update!