Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Weekly Comic: Covid-19 Vaccine Hopes, Fed Stimulus Lift S&P 500 Towards New Record

Published 08/15/2020, 04:42 AM
Updated 08/15/2020, 08:34 AM

By Jesse Cohen

Investing.com - Stocks on Wall Street ended flat on Friday, with the S&P 500 closing the week within striking distance of its February record highs thanks to optimism about an eventual COVID-19 vaccine and massive U.S. stimulus.

The S&P 500 declined less than 0.1% to finish at 3,372, while the Nasdaq Composite lost 0.21% to end the day at 11,019.

The Dow Jones Industrial Average meanwhile gained 34 points, or 0.12%, and settled at 27,931.

Wall Street’s major stock indexes all clinched weekly gains despite Friday’s muted trading action.

The S&P 500 added 0.64% for the week, its third straight weekly gain. The Dow advanced 1.8% this week - its second straight weekly gain. The techheavy Nasdaq lagged, climbing 0.1% this week.

At current levels, the benchmark S&P 500 index is now about 0.6% shy of its February 19 all-time high. The index has rallied nearly 54% from an intraday low set on March 23, when coronavirus-related lockdowns shocked the stock market.

To see more of Investing.com’s weekly comics, visit: http://www.investing.com/analysis/comics

Latest comments

simple truth is escalation in stock exchange not match with economic indicators.
"record highs thanks to optimism about an eventual COVID-19 vaccine"?... It' like it's all a theorethical thing... Like thera aren't 6 vaccines on stage 3 trials... sufficiently effective and safe to have been given to tens of thousands of people already (stage 3 trials)... On the other hand, are there any vaccines that are not based on optimism???... There is also the new drug that is very effective that Trump is about to reveal. It's a tad more substantial than optimism.
New highs in the index's -ITS A MYTH folks... The index's are RIGGED. Historical index charts imply that stocks go ever higher over time. Stocks DIE overtime, Almost all of them and any REAL index would SHOW that. But that wouldn't help them convince investors that HOLDING isn't the best way to win in this market, or that the market ALWAYS goes higher.  Stocks are NOT gold. they do NOT only go higher in time, They are HORSES and the greatest,only get slower & die. "On 3 July 1884, the world's first stock index, the Dow, was published by Charles Dow. The index was made up of 11 transportation stocks, including nine railway companies. The average was calculated by adding the price of all the shares, and dividing them by the number of stocks. The index now contains 20 stocks, including rail companies, road haulage companies, delivery companies and marine and air transport companies. The only remaining stock from the original 11 is the Union Pacific Corporation."
Looks like it goes higher on monday. One man ‘high value’ is another man ‘low value’. Everybody thinks they know the value but they dont. If the market goes up, go w it. U think u r smart to go against the crowd but u would get k i l led before the crowd turn their direction.all u have left is the right to boast.
Kaveh, at the moment the market makers decide that they've pulled in all the investors they can and top out pricing , they're out!! profit time!!
people have been claiming such for quite some time, but look how stocks such as aapl are continually inflated with funny money. No top is in sight. It would be nice to see valuations return to earth, but probably no time soon. With the election volatility will jump, but not like you are calling.
For you bears that have been pulling your hair out at the fact that this market keeps going higher even though this country has been going steadily down the tubes in every way you can judge it, for the last 4 years, I have a simple suggestion. QUIT falling for the blue smoke, and bet on what they CANT rig. You can throw money you don't have at anything and make it SEEM like its going UP but you CANT stop that money printing from making those dollars worth less and less. Other countries doing the same might make it LOOK like the dollar hasn't fallen, but it CANT hide from the comparison to GOLD. To the uninitiated you might think this is a NEW gold bull but thats just because you're either very young or cant read a historical chart. Gold was at $22 under Roosevelt when he took it. Its been one long bull market since.  ALL countries discovered a way to tax the public without raising taxes and losing votes. You tax them 50 percent just by creating another $ for the one they've got.
For the last 40 years I've been waiting for someone to tell me just WHY new all time highs are something to CELEBRATE in this market. As a businessman first I can tell you that not ONCE have I celebrated new highs in the prices of things I sell. Because business means I sell things AND THEN have to buy MORE at  those higher and more dangerous prices. Now maybe investors that are celebrating don't ever sell what they own, but that just means they don't know that if you don't sell you NEVER make a profit, your just waiting for the inevitable day when what you have is worth MUCH LESS. Am I the ONLY one that ever looked at historical charts and realized what too many new highs MEAN? Particulary when we all know they really ARENT new highs, they are all NEW LOWS in the value of that paper dollar. 50 years of new lows, and a Terrible and CONSTANT lowering of that this country can produce. So I'm sorry, I can't put on my party hat when we make new highs based on the WORST economy ever...
 I don't know how old you are but the key to a prosperous life (both money AND happiness) is to realizing that there is NO SUCH THING as bad times. There is only the failure to see CHANGE coming, and reacting to it properly. Because change only hurts those who are on the wrong side of it. ALL change represent disaster for the majority and opportunity from those who don't sit around crying about the "disaster" but instead LOOK for the opportunity that the change MUST CREATE in an equal and opposite effect- and move QUICKLY to get on that side. What would you have done in 1939 Germany to protect yourself and family and PROSPER from Hitlers Germany WITHOUT joining the ********s? Because this IS a the American Dictatorship and this IS 1938. Trump declared himself dictator when he bragged that he could ***anyone just for the fun of it, with 1000 people watching on 5th ave and NO ONE could pull him from his throne for it. He was calling all criminals- and they CAME. Barr was his new sheriff.
most enlightened think I've heard in a long time.
 -Thanks, credit the teachers of my youth. They didn't spend all their time regurgitating other peoples so called "facts" and "truths" and forcing me to do the same. Instead they taught me to THINK. Yes, I was required to learn the established facts but to question them all for myself. Likely it was the same for you.  We all see a country where suddenly there is no such thing as a fact or even truth. On the surface all this anti-science, anti-media and constant barrage of obvious bulls- hit, seems like we suddenly woke up to a world gone mad. I only WISH that were true. You see the public is not only being discouraged from THINKING, but they are attempting to make it impossible. Deduction starts with FACTS and if you cant trust science or the media then you cant even BEGIN. and THATS whats going on, they are saying DONT THINK, you CANT think, just believe what WE tell you. Trump has outright told his people "believe only me". This world hasn't gone crazy, its being perfectly designed.
It will be passes over 4000 next friday for sure
going to be a big week! can't wait
Although I could look it up what do you mean the SQQQ is splitting? I understand we’re splitting means and I know that it’s an ETF inverse of the NASDAQ essentially but how and why is this happening? Appreciate any feedback.
  I think you'd better take a look at BOIL or a historical chart of SRS. boil recently reverse split again a few months ago, went straight from $60 to $25 in a couple months. the takeaway is that these etfs, ESPECIALLY the 2x and 3x are just FREE MONEY for the big boys and banks because it DOESNT MATTER where the underlying goes, those 2x and 3x ETF"S are CREATED to go down. 100% of the time. so when they run up, like say KOLD that hit $260 once, its just FREE MONEY shorting them. 100% guaranteed. the TRICK is to be able to have the MONEY to let them go as far as they like and STAY SHORT and just ADD shorts. because NG could have kept going up forever, and it STILL wouldn't stop KOLD from falling to ZERO if they didnt reverse split it to infinity. bottomline is that don't reverse split when they are going to run the ETF up -they do it so they have MORE MONEY to gain on their shorts. look at SRS monthly chart. reverse splitting is the way the big boys make $4000 shorting a $30 ETF.
Yeah, but these are major hedges against market crashes. The timing of their delisting and splitting means the big boys think the markets aren’t done with volatility just yet. TVIX went from $40-$1,000 and you can bet they don’t want to pay out again when the market crashes a second time.
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.