As of noon New York time today the Standard & Poor's 500 was up 1.58% and the Dow Jones Industrials had gained 1.37%. The NASDAQ Composite was higher by 2.01% and the Russell 2000 small cap index had picked up 2.11%. The iShares MSCI Emerging Markets ETF (EEM) had climbed 1.53%. At the close the S&P was ahead 1.27% and the Dow had gained 1.18%. The NASDAQ 100 had climbed 1.72% and the NASDAQ Composite was up 1.87. But all those gains were dwarfed by the 5.22% pick up in the iShares NASDAQ Biotechnology ETF (IBB) as of noon. The ETF ended the day up 5.42%
While many Americans are struggling to pay rent or buy food, others have been able to save while waiting for a coronavirus vaccine to return to their normal spending, a survey from Franklin Templeton and Gallup found.
Three stocks in the Standard & Poor's 500 were up for every two that were down as the index turned in a day with very little movement--a gain of 0.05% at the close on September 11. The Dow Jones Industrial Average was ahead a bit more at 0.48% That lack of movement in the S&P, however, disguised another day of volatility for technology shares, especially the shares of the big tech stocks that had driven the recent rally.
The IRS estimates 9 million non-filers are due a stimulus payment. The agency is mailing letters telling them how to claim their $1,200.