Investors were licking their chops ahead of a potentially big Covid stimulus announcement from President-elect Joe Biden on Thursday.
 | THU, JAN 28, 2021 | | | | DOW | | NAME | LAST | CHG | %CHG | | AAPL | 137.09 | -4.97 | -3.50% | | INTC | 56.06 | +2.48 | +4.62% | | MSFT | 238.93 | +6.03 | +2.59% | |
| | S&P 500 | | NAME | LAST | CHG | %CHG | | AAL | 18.10 | +1.54 | +9.30% | | AAPL | 137.09 | -4.97 | -3.50% | | GE | 11.09 | -0.29 | -2.55% | |
| | NASDAQ | | NAME | LAST | CHG | %CHG | | AAPL | 137.09 | -4.97 | -3.50% | | SIRI | 6.40 | -0.47 | -6.84% | | INTC | 56.06 | +2.48 | +4.62% | |
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The major averages rose on Thursday, as some investors sighed after a reversal in some of the speculative trading in the market recently. The Dow Jones Industrial Average rose 300 points after its worst sell-off in three months on Wednesday. Wild trading in names like GameStop was repeatedly halted by the exchanges on Thursday, after free stock trading pioneer Robinhood, among other brokers, stopped allowing clients to buy shares and options of some of the heavily-shorted names.  Shares of GameStop, which were soaring in premarket trading before Robinhood's announcement, closed down by 40%. Shares of AMC Entertainment and Bed Bath & Beyond also lost value without the army of rookie investors inflating share prices in an effort to stick it to hedge funds betting against the stocks. Robinhood's decision was met with backlash from customers to politicians to other investors. The Reddit crew took to Twitter to express their outrage. This is an unfolding story. After the closing bell, Robinhood decided to allow limited buying of these restricted securities. You can read the latest here. Catch The News with Shepard Smith at 7 p.m. ET on CNBC. The nightly newscast provides deep, non-partisan coverage and perspective on the day's most important stories. |
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