Stocks Surge 2% Friday But Why Are They So Volatile Lately?
Published Wednesday, December 31, 1969 at: 2:00 PM EST
The Standard & Poor's 500 gained 2% on Friday, a big and much-welcomed surge after losses all week. The big gain was widely attributed to a jump in oil prices.
"A surge in oil prices helped put investors in a buying mood early on," the Associated Press reported Friday evening.
The sudden correlation of stocks and oil prices is remarkable for revealing just how irrational and emotional the stock market can be.
- The Fed Is Not Braking The Boom Anytime Soon
- A Black Swan Event And Higher Taxes Persist As Financial Risks Amid The Boom
- What You Need To Know Right Now To Manage Your Wealth
- Economic Expectations Improved Almost Overnight
- Investors Beware: The Asset Valuation Paradigm Changed
- Fed Says It Will Stick To Its Plan, As Bond Yield Rises
- Amid Strong Crosscurrents, Stocks Sank 2.5% This Past Week
- A New Rover Landed On Mars And Stocks Closed Lower For The Week
- Ironically, Amazon Profits By Perpetuating Stock Bubble Myth
- Stocks Closed At A New Record High: Can The Party Last?
- Don’t Fall For It
- Housing Boomed Again In December
- The Bad And Good Financial News This Week
- Stocks Set New High Closing Price Amid Turbulence
- Stocks Gained +16% in 2020; Wall Street Expects +7.6% In 2021