Tuesday, January 26, 2021

The stock market is at peak dumb: Etsy soars because Elon Musk tweets about it

Tesla CEO Elon Musk is the richest person on the planet, but he's apparently still happy to shop on handmade craft site Etsy. And in a sign of just how much influence Musk has on social media, shares of Etsy soared nearly 10% in premarket trading Tuesday just because he said he's a fan.
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The stock market is at peak dumb: Etsy soars because Elon Musk tweets about it
Tesla CEO Elon Musk is the richest person on the planet, but he's apparently still happy to shop on handmade craft site Etsy. And in a sign of just how much influence Musk has on social media, shares of Etsy soared nearly 10% in premarket trading Tuesday just because he said he's a fan. Read more »
 
Goya board silences its CEO after he tells Fox News the election was rigged
Goya's board of directors had enough of CEO Robert Unanue's public comments in support of former President Donald Trump and his unfounded claims of voter fraud. On Friday, it voted to muzzle him. Read more »
 
Verizon Fios customers report outages across the East Coast
Many people living on America's East Coast were without Internet for part of Tuesday because of Verizon Fios service issues. Read more »
 
Pizza buffet chain Cici's files for bankruptcy
Cici's, a restaurant chain best known for its pizza buffets, has filed for bankruptcy. Read more »
 
Evictions, unemployment and hunger: The American economy Joe Biden inherits
Michelle Bennett is trying to keep life inside her Waldorf, Maryland, home as normal as possible during Covid-19. Three of her four daughters are learning remotely, while she makes them three meals a day. But outside, the relentless threat of eviction keeps knocking. Read more »
 
America's billionaires have grown $1.1 trillion richer during the pandemic
Billionaires are minting money during the pandemic, even as millions of Americans join the ranks of the poor. Read more »
 
 
 
 
Dow Nasdaq S&P
-22.96   -9.93   -5.74
30,937.04   13,626.07   3,849.62
-0.07%   -0.07%   -0.15%
YTD +1.08%   YTD +5.72%   YTD +2.49%
 
Biggest Winners
Lumen Technologies Inc +28.09%
 
Kroger Co +7.23%
 
Nielsen Holdings PLC +6.93%
 
Carmax Inc +5.65%
Biggest Losers
Freeport-McMoRan Inc -6.80%
 
AES Corp -6.37%
 
Rockwell Automation Inc -6.29%
 
Occidental Petroleum Corp -5.25%
Hottest ETF
Hottest ETF
NYSE Market Volume
NYSE Market Volume
Key Market Stats Latest Today's Change
Oil $52.75 +0.14 / +0.27%
Gold $1,849.50 -1.40 / -0.08%
10-yr 1.04% 0.00
Euro $1.22 +0.00 / +0.14%
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Why are billionaires loading up on oil?

JP Morgan analysts have pegged the future price of oil at $380.............................................................................