Wall Street shakes off bad jobs report, gets Biden stimulus boost

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Good evening, Bull Sheeters. This is Fortune finance reporter Rey Mashayekhi, filling in for Bernhard with a special PM edition of the newsletter.

It’s been a long, eventful week, to say the least—but an altogether good one for markets globally, which head into the weekend on a mostly positive note. Let’s get into the day’s developments:

Markets update


  • After climbing early and then trading in the red in the early afternoon session, Wall Street’s major indexes all ended the day on new record-high closes. The Dow picked up 0.2{403cc565fa3cc21393751b9dcd44ef172eb53ec18650f129cafdd18bff67f4a7}, the S&P 500 gained 0.6{403cc565fa3cc21393751b9dcd44ef172eb53ec18650f129cafdd18bff67f4a7}, and the Nasdaq rose 1{403cc565fa3cc21393751b9dcd44ef172eb53ec18650f129cafdd18bff67f4a7}.
  • The market initially shook off a bad December jobs report that showed the U.S. economy lost 140,000 jobs last month amid an escalating pandemic
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As Bitcoin rises above $41K, can Coinbase keep up with the rally? By Cointelegraph

As Bitcoin rises above $41K, can Coinbase keep up with the rally?

Coinbase is under the microscope with ‘s (BTC) price surges past $41,000 following a minor retrace after topping $40,000 on Thursday.

The United States-based crypto exchange is known for experiencing serious connectivity issues during periods of peak trading activity. Indeed, these disruptions have reportedly prevented traders from taking advantage of price gains and dips, robbing them of profit-taking and reentry opportunities.

Bitcoin 24-hour price chart. Source: CoinMarketCap

Continue Reading on Coin Telegraph

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading
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