Feb. 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 (Friday, February 12, 2021).
All main indexes reached a new all-time highs today! The S&P 500 closed up 0.47%, the Dow Jones up 0.088% and the Nasdaq up 0.5%.
Why did the stock market move today?
Expectations for a new round of stimulus to the economy, together with great news coming from earnings reports, pushed stocks upwards today. Furthermore, President Biden announced today that the U.S. secured another 200 million COVID-19 vaccine doses from Pfizer and Moderna.
Stock of the day
Following its IPO on Thursday, enthusiasm is still high for Bumble (NASDAQ: BMBL). Shares in the dating app maker jumped another 7.32% today closing at $75.46.
That’s all for this Friday’s stock market update. Stay tuned to receive your daily update!