S&P 500 and Nasdaq reach record highs as volatility dominates Wall Street

S&P 500 and Nasdaq reach record highs as volatility dominates Wall Street

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Meanwhile, various trading platforms appear to be struggling with disruptions: Vanguard and Charles Schwab (SCHW) recognize on Twitter (TWTR) that some users are experiencing issues, while Downdetector has also identified issues for Robinhood users, TD Ameritrade (AMTD) and E-commerce (ETFC).

And yet the S&P 500 and the Nasdaq Composite closed the day at all times, with 0.4% and 0.7% respectively.

The Dow (INDU) was the odd one with 0.1%, or 37 points, after falling more than 430 points at its low.

‘This risk is down [dynamic] do not worry me. “It’s healthy,” Megan Horneman of Verdence Capital Advisors told CNN Business about the morning sale. I expect more days like this in [Biden’s] first 100 days, ‘as the promise of the campaign is a reality check, she added.

The effects of the US vaccine are also likely to remain bumpy, with potential negative news, Tom Martin, vice president and senior portfolio manager at Globalt.

JJ Kinahan, chief market strategist at TD Ameritrade, noted that there is a lot of news for investors to digest. We had such an incredible run and 20% of the S&P 500 is making a profit this week. ‘

Big names including appeal (AAPL), Facebook (FB), Microsoft (MSFT) and Tesla (TSLA) generates an income this week. Investors can therefore take money off the table before the fourth quarter results, which may explain the weakness in the market.

“I do think we were in a euphoric state for a while, and now that the election is over and Congress is in place, a lot of the good news has already been praised,” Martin told CNN Business.

The volatility also gripped certain single stocks: trading in gambling traders GameStop (GME) was discontinued several times during the course of the session as the company’s shares soared as investors allocated the shares on Reddit.

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