US stocks rallied on Friday, after a volatile week that saw technology shares fall again. Although the S&P 500 index of large US companies was up for the week, the tech-heavy Nasdaq index was down for the third week in a row. Many technology shares have
The share prices of US technology companies lowered last week. On Thursday, the Nasdaq index of US stocks, which is heavy with technology companies, was down around 3.5% – although prices began to recover towards the end of the week. Over the past couple of years,
Last week, Chinese stock markets briefly rose above their all-time high. Fresh from the Lunar New Year break, investors pushed the CSI 300 Index of Chinese stocks to levels not seen since 2007 – although it later settled below that point. China’s economy has been going
US and world stocks hit new highs at various points last week as investor optimism carried markets through another week of gains. Hopes are growing that the world will enjoy a strong economic recovery this year. President Biden’s team has made progress with its economic stimulus
As more and more people got vaccinated, world stocks had their best week since November last year. Although new strains of COVID-19 are concerning, the fight against the pandemic seems to be on the front foot. Early data from Israel, for example, suggests that cases and
Until very recently, GameStop wasn’t a household name. However, last week, the American video game retailer became the centre of a global controversy with billions of dollars at stake. The story began last year, when an amateur investor shared a theory about GameStop’s share price on
“We’ve learned again that democracy is precious, democracy is fragile and, at this hour my friends, democracy has prevailed.” In his inauguration speech last week, President Joe Biden tried to put the recent violence on Capitol Hill firmly in the past. Calling for unity, he urged
President Trump’s term in office approached its end last week with a crowd of rioters sieging Capitol. Global markets slowed last week after a positive start to the year, as they weighed up news about the economic damage caused by COVID-19. “The past week has been
President Trump’s term in office approached its end last week with a crowd of rioters sieging Capitol Hill. Although the episode ended in a few hours, it laid bare the tensions that have made the past four years so unpredictable. The scenes were troubling to watch,
This is the last issue of WeekWatch in 2020. We’ll resume service on Monday 11 January. Until then, we hope that you and your families have an enjoyable, safe and restful break, and we wish you the best for next year and beyond. Uncertainty made a
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