Anonymous
Anonymous asked in Business & FinanceInvesting · 4 months ago

why did the stock market skyrocket yesterday , but today they are plummeting again (especially airline stocks)?

Update:

what stocks went up yesterday?  how they are doing today? why ? the airline stocks i remember yesterday the bloomberg news anchor commenting at how well they were doing and then today they are losing all their gains from yesterday? why?

Update 2:

I MEANT YESTERDAY MORNING....WHAT HAPPENED TO HAVE IT GO UP SO HIGH  AND THEN FALL AFTER MID DAY AND THEN AGAIN OVERNIGHT AND THIS MORNING?

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  • Anonymous
    4 months ago
    Favorite Answer

    What are you talking about?

    Nasdaq was down 1.5% yesterday, Sparky.

    Some stocks went way up due to Pfizer's vaccine news.   Others plummeted.  Zoom was down 17% yesterday and Amazon was down a lot too.

    Pay a little more attention next time.

    Airline stocks would be in the group that went up yesterday as Covid vaccine bodes well for future travel.   But it's unlikely the vaccine will be widely available for many months so obviously airline stocks aren't going to be profitable any time soon.  

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