| | | MAY 17, 2021 Welcome to the Stock Dork Cheat Sheet; your go-to guide for all the most important stock market news and analysis. Today is Monday, May 17. Let's get ready for the trading week! |
| Happy Monday! U.S. stocks rallied on Friday to close out the trading week with gains. However, they were still down slightly on the week. The Nasdaq gained 2.3% in Friday's session and the S&P 500 added 1.5%. Bitcoin Bears Bitcoin tumbled to $45,000 over the weekend after some less-than-stellar comments from prominent crypto cheerleader Elon Musk. The sell-off began when Musk's electric vehicle company, Tesla, announced it would no longer accept Bitcoin for payments. Musk also reportedly commented on Bitcoin mining's "insane" energy usage, prompting a widespread crypto sell-off. Crypto is bigger than Elon Musk, but the guy clearly has the power to move markets. Some say Elon is just manipulating the market, but he can get away with it without worry about the SEC as long as it's crypto and not registered securities. Musk has since tweeted that Tesla hasn't sold any of its Bitcoin. |
| 📉 | NASDAQ | 13,429 | -2.38% | | 📉 | S&P | 4,173 | -1.39% | | 📉 | DJIA | 34,382 | -1.14% | | 📈 | GOLD | $1,849 | +3.31% | | 📈 | WTI CRUDE OIL | $65.29 | +2.75% |
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| Softbank Group (SFTBY) Ryanair (RYAAY) Tencent Music (TME) AMC Clover Health (CLOV) BMO Hostess Brands (TWNK) BMO Walmart (WAL) Tue / BMO Home Depot (HD) Tue / BMO Macys (M) Tue/ BMO Cisco (CSCO) Wed / AMC Target (TGT) Wed / BMO |
| Monday, May 17 NAHB Homebuilders [May] ... 10a Tuesday, May 18 Building Permits / Housing Starts [Apr.] ... 8:30a Wednesday, May 19 FOMC Minutes ... 2p Thursday, May 20 Weekly Jobless Claims ... 8:30a Friday, May 21 Markit Mfg. & Svcs. PMI [May] ... 9:45a |
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