Meanwhile, several trading platforms appear to be fighting interruptions:
Vanguard and Charles Schwab (SCHW) recognized in
Twitter (TWTR) that some users are experiencing interruptions, while Downdetector also signaled problems for Robinhood users,
TD Ameritrade (AMTD) and
E-Trade (ETFC).
Stocks started the session mixed, but fell sharply in the middle of the morning. O Dow (INDU) it dropped more than 430 points at its low point.
The top three indices have since recovered, with the Dow just 0.3%, or 92 points, lower. O S&P 500 (DVS) rose 0.1% in the early afternoon.
O Nasdaq Compound (COMP) it also returned to positive territory and rose 0.4%, putting the high-tech index on the way to a record end.
“This risk outside [dynamic] it’s not worrying me. It’s healthy, “Megan Horneman of Verdence Capital Advisors told CNN Business about the morning sale.” I hope to see more days like this in [Biden’s] first 100 days, “as campaign promises are verified by reality, she added.
The vaccine launch, however, is likely to be bumpy too, with the potential for negative headlines, Tom Martin, vice president and senior portfolio manager at Globalt.
JJ Kinahan, chief market strategist at TD Ameritrade, noted “there is a lot of news to digest for investors. We had an incredible run and 20% of the S&P 500 is launching earrings this week.”
Big names, including Apple (AAPL), Facebook (FB), Microsoft (MSFT) and Tesla (TSLA) are reporting earnings this week. Therefore, investors may be withdrawing some money from the table before the fourth quarter results, which may explain part of the market’s weakness.
“I think we have been in a state of euphoria in the market for some time, and now that the election has been resolved and the congress has started, a lot of good news has already been quoted,” Martin told CNN Business.
Volatility also hit certain individual stocks: trading at a game retailer GameStop (GME) it was interrupted several times throughout the morning, while the company’s stock skyrocketed thanks to optimistic investors publicizing the shares on Reddit.
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