NCLH - Still No Stimulus Stocks Gain Anyway

A second round of stimulus remains elusive but major stock indexes still managed to gain this week. The Nasdaq (COMP) added 2.8% while the S&P 500 (SP500) was up 1.5% and Dow Industrials (DIA) gained 1%. Positive news on coronavirus vaccines buoyed markets early in the week before initial jobless claims dampened enthusiasm. There was volatility on quadruple witching Friday and a sell-off to close the week. Winners & Losers Cybersecurity companies were among the biggest winners this week after news of Russia-linked hackers breaking into federal agencies. Solarwinds (SWI) was one of the main companies affected by the hack and saw its shares sell off dramatically. Bitcoin was a big gainer, briefly surpassing the $24,000 milestone. “Bitcoin proxies” like Marathon Patent (MARA), Riot Blockchain (RIOT), and Grayscale Bitcoin Trust (GBTC) all saw significant rallies. Energy was a loser, with the iShares Global Energy ETF (IXC) dropping more than 5%

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Still No Stimulus, Stocks Gain Anyway