Yiwen Lu

Nov 8, 2024 | sherwood.news | Yiwen Lu

The S&P 500 was up 0.4% on Friday and 4.7% this week, its biggest weekly advance so far this year, as the post-election rally continues. The index crossed 6,000 briefly earlier today. Similarly, the Nasdaq 100 climbed 5.4% this week, while the Russell 2000 jumped 8.6%. All 11 S&P 500 sectors were up this week, the first time since August. The consumer discretionary sector added 7.5% this week, leading all sectors. It was primarily driven by Tesla, which rose 29.3% over the past five sessions.

Nov 7, 2024 | sherwood.news | Yiwen Lu

The S&P 500 was up 0.7% to hit another record on Thursday as it nears a new round-number milestone of 6,000. The Nasdaq 100 climbed 1.5% and finished with an all-time high as well. The Russell 2000 slid 0.4%. In a well-telegraphed move, the Federal Reserve cut its policy rate by 25 basis points to 4.5%. Treasury yields briefly moved above their lows in the afternoon before tumbling again.

Nov 7, 2024 | sherwood.news | Yiwen Lu

Shares of the Tinder and Hinge owner were down 18%, as dating app makers navigate a post-pandemic market. Match Group is still struggling to attract more users. The company reported a 3% decline in total paying users — which constitutes the majority of its revenue — in the latest quarter, marking its eighth consecutive quarter of negative payer growth.

Nov 6, 2024 | sherwood.news | Yiwen Lu

The S&P 500 climbed 2.5%, closing the index at another fresh record for the 48th time this year. The Nasdaq 100 rallied 2.7%. Russell 2000, which tracks small caps that are more sensitive to US tax rates and less sensitive to trade barriers, outperformed all others on the day and up 5.8%. The Dollar Spot Index added 1.7%, its biggest one-day gain since June 2016. Interest rates were higher; the 10-year Treasury yield rose 15 basis points to 4.43%, the most since April this year.

Nov 6, 2024 | sherwood.news | Yiwen Lu

America decides, the world reacts: the ripple effect of Donald Trump’s election win are transferred across global financial markets, especially among stocks with the strongest links to the Republican leader’s policy priorities, from clean energy to electric vehicles. EuropeEuropean renewable-energy stocks, including Orsted, Vestas Wind Systems, and EDP Renewables, tanked on potential policies against the green-energy transition and offshore wind projects under the Trump administration.