Archives of “February 2, 2021” day

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US CFTC is “closely monitoring recent activity in the silver markets”

  
  Analysis

Commodity Futures Trading Commission statement

  • Commission is “communicating with fellow regulators, the exchanges, and stakeholders to address any potential threats to the integrity of the derivatives markets for silver, and remains vigilant in surveilling these markets for fraud and manipulation.”
In response to the price spike over recent days:
Commodity Futures Trading Commission statement
The rise in price has been driven by chatter the WSB folks are lining up a run on silver shorts similar to that on GME. Hmmmm …. good luck with that.

US broad market indices close with big gains

  
Analysis, US Market

S&P and NASDAQ close near session highs

The US broader market indices are closing with big gains led by the NASDAQ index.

  • Both the S&P and NASDAQ close near highs for the day
  • Russell 2000 broke a 5 day losing streak
  • All sectors of the S&P closed higher today
a look at the final numbers shows:
  • S&P index rose 59.61 points or 1.6% at 3773.83. The high price reached 3784.32. The low was at 3725.62
  • NASDAQ index rose 332.70 points or 2.55% to 13403.39. The high price reached 13431.45. The low extended to 13132.47
  • Dow rose 229.75 points or 0.77% to 30212.37. The high price reached 30335.91. The low extended to 30014.97
Some big winners today include:
  • Novavax, +21.34%
  • GoodRx, +7.21%
  • Tesla, +5.89%
  • Tencent, +4.89%
  • Alcoa, +4.39%
  • Alibaba, +4.31%
  • Amazon, +4.21%
  • Blackberry, +3.69%
  • Alphabet, +3.61%
  • Broadcom, +3.60%
  • Hoover +3.53%
  • Charles Schwab, +3.49%
  • Qualcomm +3.44%
  • Intuit, +3.3%
  • Microsoft, +3.29%
The meme stocks did not do well today and led the declines:
  • Koss, -45.47%
  • Gamestop, -30.77%
  • Express, -16.67%
  • Bed Bath and Beyond, -14.12%
Other losers:
  • Rite Aid, -10.5%
  • DuPont, -7.95%
  • Rackspace, -7.05%
  • Palantir, -3.55%
  • Walgreens, -2.83%
  • American airlines -1.92%
  • Airnbnb, -1.72%
  • Corsair, -1.51%
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