The S&P 500 and Dow each rallied to record levels, with the latter extending gains well beyond the 34,000 level.
Retail sales rose in March by the most since May 2020, fueled by a combination of stimulus spending and broadening business reopenings, and new weekly unemployment claims fell to a fresh pandemic-era low.
“We think that as our earnings numbers go through, showing that really positive picture, confirming that positive picture, then that’s going to give the market an additional ‘oomph.’ But certainly, the rotation that we’ve already seen over the last couple of weeks, couple of months, has still got further to go.
“The data flow has been tremendously strong,” Meyer told Yahoo Finance on Friday.
“But it’s not going to be the same type of pace as we saw from stimulus,” she said.
The University of Michigan’s preliminary April index of consumer sentiment showed an increase to 86.5 during the month, up from March’s print of 84.9.
Housing starts jumped 19.4% in March over February, the Commerce Department said Friday, with inclement weather easing during the month and helping catalyze a resurgence in building activity.
Housing starts in March rose to a seasonally adjusted annualized rate of 1.739 million, or the highest level since 2006.
Net revenue of $15.7 billion was also a record, and easily topped estimates for $13.95 billion and last year’s first-quarter net revenue of $9.8 billion.
We closed the acquisition of Eaton Vance which takes Investment Management to over $1.4 trillion of assets,” CEO James Gorman said in a press statement.
Taiwan’s tech-focused exports have soared during theCOVID-19 pandemic because of global demand for laptops, tablets and other equipment to support the work-from-home boom, driving its trade surplus with the United States and jacking up the value of the Taiwan dollar.
that have yet to prove their viability as revenue-generating, profitable entities have lost their shine over the past few months amid concern about valuations and as established carmakers like VW move faster into EV fray.Read more: The End of Tesla’s Dominance May Be Closer Than It AppearsThe industry’s multi-billion dollar surge also hasn’t escaped Beijing’s attention.
The Biomark Chart: After reaching an all-time high of 42 cents on March 17, Biomark’s stock settled into two bullish patters — a daily bull flag and a daily symmetrical triangle — before breaking bullish on Friday and making a new all-time high on large bull volume.
With this in mind, we used TipRanks’ database to identify two stocks that boast a Strong Buy analyst consensus rating and considerable upside potential – on top of impressive recent gains.
Retail sales in Europe, Harley’s second biggest market outside the United States, slumped 36% to 4,900 motorcycles, due to the company’s decision to stop selling its smaller and less profitable Street or Sportster motorcycles and shipping delays as a result of the COVID-19 pandemic.