About: http://data.cimple.eu/news-article/cf814bef0a4d3d73983e7267afdb1a85278c13d6c402815d04607953

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About: http://data.cimple.eu/news-article/cf814bef0a4d3d73983e7267afdb1a85278c13d6c402815d04607953 Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	Wall Street continued its rebound on Tuesday following a chaotic week that pitched individual investors against institutions, and despite a massive loss reported by ExxonMobil. Analysts said talk of more emergency stimulus in the United States and optimism that Covid-19 vaccines will become widespread also added to the positive sentiment that saw the Dow Jones Industrial Average shoot up more than 400 points. About 30 minutes into trading, the benchmark Dow gained 1.4 percent to 30,632.76, while the broad-based S&P 500 rose 1.3 percent to 3,821.53. The tech-rich Nasdaq Composite Index climbed 1.1 percent to 13,556.23. "There is good sponsorship in the early going and presumably a little fear of missing out on another upside," said Patrick O'Hare of Briefing.com. GameStop, the stock at the center of the battle between hedge funds and Reddit-driven individual investors, lost close to 50 percent, bringing its two-day collapse to more than 65 percent. AMC Entertainment, also caught up in the melee, lost 38 percent. GameStop's share price soared more than 400 percent last week amid the coordinated moves by retail investors using trading platforms like Robinhood, which rattled markets and sent indices into the red. But O'Hare said "the market is back to buying the weakness, finding the strength to do so in the promise of ongoing policy support, the promise of ramped-up vaccination efforts and the presumption that the economy and corporate earnings are only going to get better as the year progresses." Meanwhile, ExxonMobil shares gained 1.6 percent despite the dismal results reported before the market opened. The oil giant lost $22.4 billion in 2020, after posting a profit of $14.3 billion in 2019. hs/cs
schema:headline	US stocks open higher after GameStop fever breaks
schema:mentions	O'Hare International Airport S&P 500 Index ExxonMobil GameStop AMC Theatres Dow Jones Industrial Average Hedge fund Fever Vaccine United States Coronavirus disease 2019 S.V. Robinhood Danica Patrick NASDAQ Composite
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-02-02 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	61 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

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