S&P 500 closes at record high for 6th day in a row amid busiest IPO week since 2004

record row closes busiest ipo
Gulf
  • Date: 02-Jul-2021
  • Source: Business Insider
  • Sector: Financial Markets
  • Country: Gulf
  • Who else needs to know?

S&P 500 closes at record high for 6th day in a row amid busiest IPO week since 2004

US stocks edged higher on Thursday, with the S&P 500 closing at record highs for the sixth day in a row. fell to another pandemic-era low of 364,000, beating economist estimates of 388,000. The move higher in stocks comes amid is one of 18 companies to hit the markets this week, with its stock popping 10% in Tuesday trades. On Wednesday, in its first day of trading, while shares of popped as much as 39% in their There have been 215 IPOs priced this year, a +225.8% change from the same date last year, per Renaissance Capital. Robinhood a necessary step to take when preparing to go public. The free-trading app has according to a report from The Wall Street Journal. for the first time since 2018 as OPEC and its allies move toward raising global crude supply. Hertz, the original "meme stock," on Wednesday. The company's stock has soared more than 2,000% leading up to the key event. , initially popping 3% before falling more than 4%, after it reported record monthly sales for the month of June. Oil prices were higher. rose 1.9%, to $74.86 per barrel. , oil's international benchmark, jumped 1%, to $75.83 per barrel. jumped

Check the history on the topic
Vote to feature