Wall Street was moderately upbeat last week.
While earnings optimism and a rebounding economy pushed the three major indices to new highs in July, concerns about the spread of the Delta variant of COVID-19 made investors jittery.
Last week was moderate for Wall Street. Rising virus cases probably weighed on the market sentiments slightly.
Wall Street was upbeat last week with the S&P 500, the Dow Jones, the Nasdaq Composite and the Russell 2000 adding 0.6%, 0.7%, 0.5% and 0.8%, respectively.
Last week was slightly downbeat for Wall Street on talks of a capital gain tax hike.
The S&P 500, the Dow Jones, the Nasdaq Composite and the small-cap Russell 2000 were all on an uptrend last week.
Last week was all about vaccine hopes and a stupendous Wall Street rally.
The Zacks Analyst Blog Highlights: TECL, SOXL, WEBL, AGQ and DRN
Upbeat technology earnings releases, extremely downbeat U.S. GDP data for the second quarter, rise in virus cases and vaccine hopes were the key factors that pulled the strings of the markets last week....
The series of developments last week have spurred huge demand for leveraged ETFs as investors seek to register big gains in a shorter span of time.