As concerns of a speculative bubble eased, U. S. stocks closed the week at a record high, on optimism over earnings, stimulus talks, and vaccine rollouts.
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Although earnings declined in 2020, the S&P 500 rose over 18% as valuation metrics increased. Will the stock market go up in 2021?
U. S. stocks ended the week above the flatline, holding on to gains scored after Biden became the 46th President. Mega-cap growth stocks rallied.
President-elect Biden provided details of the $1.9 trillion stimulus proposal. Yet, the S&P 500 ended the week lower after bank stocks sold off.
U. S. stocks ended the first week of 2021 at record highs after President-elect Biden promised more financial aid amid a resurgence in COVID-19 cases.
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