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NEW YORK: U.S. stocks extended their recent rally on Friday and the S&P 500 and Nasdaq indexes scored their biggest weekly percentage gains since the U.S. elections in early November, boosted by optimism over earnings, stimulus talks and progress on vaccine rollouts.
IF “pseudo wealth” is a source of often unexplained economic volatility, then the financial roller coaster accompanying the pandemic has many wild rides in store
KUALA LUMPUR: Retail investors drove trading volumes to record highs and that helped Bursa Malaysia to post a record year in its financial performance.
PETALING JAYA: A group of Malaysian retail investors bandied together last Friday, trying to replicate the success of fellow investors in the United States to bring Wall Street’s short-sellers to their knees.
PETALING JAYA: Trading in glove stocks over the near-term is expected to remain volatile, as these companies will be under constant pressure to maintain the super profits they enjoyed last year.
NEW YORK: Silver took center stage in the retail investor frenzy sweeping through markets, sending the precious metal to a five-month high and fueling a debate over the power of Reddit-inspired speculators to take on ever-bigger targets.
SEOUL: A swarm of online traders in South Korea is taking a leaf from the Reddit horde in the United States to quash a government plan to lift a pandemic-imposed ban on short-selling, triggering a rally in the most shorted-stocks such as Celltrion on Monday.
HONG KONG (AFP): Most Asian markets bounced Monday (Feb 1) following last week's blood-letting as bargain-buyers moved in, but dealers remain on edge as surging infections and a stuttering vaccination rollout offset long-term hopes for the economic recovery.
NEW YORK: Some investors are growing concerned that wild swings in GameStop and other stocks driven by small-time traders could be fresh signs of overexuberance that foreshadow volatility for the broader stock market.