DIS - IPOs Buoy Markets

It was a week of competing narratives in stock markets. A frenzy in IPO markets and encouraging news about coronavirus vaccines buoyed sentiment at times. But the possibility of a no-deal Brexit combined with disappointing unemployment claims numbers and the continued lack of new stimulus from Washington have stocks lower for the week. Some good news on Friday should limit the damage. A surge in Disney (DIS) shares after the company's investor day helped the Dow Industrials (DIA) into positive territory for the day. Consumer sentiment rose more than expected. Crude oil prices (CO1:COM) rebounded, topping $50 per barrel for the first time since March. Winners & Losers IPOs were the main winner. Shares of Airbnb (ABNB) doubled on their first day of trading. DoorDash (DASH) was up 78% from its initial pricing, though both stocks have since given back some of those gains. Otherwise, there was some consolidation in

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IPOs Buoy Markets