Source: https://www.linkedin.com/feed/update/urn%3Ali%3Ashare%3A6706292994649206784
#StockMarkets #Record #Highs: #WallStreet vs. #MainStreet: “This market is nuts.”: Who Wins, Who Looses: #NewYorkTimes A new market record may seem strange when set against the human and economic devastation of the pandemic.:
https://lnkd.in/e93RUbh :
So what could dampen the mood?
The market is very top-heavy, with just five companies — Alphabet, Amazon, Apple, Facebook and Microsoft — accounting for more than a fifth of the S&P 500’s market value. Those tech giants have gained around 40 % so far this year, while the 495 other stocks in the index have collectively lost a few percentage points.
Another potentially ominous sign comes from company insiders, who have been selling their holdings in greater numbers.
Dow ends Friday around 3% off record closing high as stock market is on track for best August in 36 years:
https://lnkd.in/eqNagde
S&P 500 hits another record, closes above 3,400 for the first time as Apple and airlines rise:
https://lnkd.in/engNra4
Stock market live Wednesday: S&P and Nasdaq new records, Netflix jumps 11%, Salesforce best day ever:
https://lnkd.in/efjvxPH
Dow ends above 28,000 for first time in 6 months, S&P 500 and Nasdaq clinch new records on coronavirus treatment hopes:
https://lnkd.in/eeVCQrw
