Stocks Climb to New Record Highs01/11/2021

Share:

Latest - Insights Latest - Insights Latest - Insights Latest - Insights Latest - Insights

January 4 - 8, 2021 Recap

Equities Post Back-to-Back Weekly Gains
U.S. stocks advanced for a second straight week with all three major equity indices finishing at record highs as Wall Street focused on prospects for trillions more in additional stimulus, overshadowing the Democratic sweep in Congress amid chaos and death at the U.S. Capital. Following Friday’s first negative payrolls report since April, President-elect Joe Biden announced his call for a third major fiscal stimulus package, including $2,000 stimulus payments.

Weekly Performance
For the week, the S&P 500 advanced 1.88%, the Dow Industrials gained 1.61%, and the tech-heavy Nasdaq Composite rallied 2.45%. Moreover, the small cap-focused Russell 2000 Index surged 5.93%.

Latest - InsightsCIM Weekly Recap 011121.pdf Latest - Insights

The Weekly Recap is published by Cetera Investment Management LLC, an SEC registered adviser owned by Cetera Financial Group. Cetera Investment Management provides market perspectives, portfolio guidance, model management, and other investment advice to its affiliated broker-dealers, dually registered broker-dealers and registered investment advisers.

Latest News - Latest Insight Detail - Subscription

Want more insights like this, sent straight to your inbox?

Subscribe to email updates from Cetera and be well informed about what’s happening within the market and the financial services industry overall.

Drop Us a Line

Looking to be part of something more? Get in touch to learn about the benefits of affiliating with Cetera and start taking the next steps to a stronger future.