stocks

Stock Market Today: Tesla, Tech Stay on Track, But Dow Dips

A light news day on the stimulus front put more attention on present COVID issues, weighing on the "rotation" trade and benefiting the tech-heavy Nasdaq.

With little news on the stimulus front to lift investors' spirits, the "rotation trade" away from tech and toward more value-priced, cyclical equities took a breather Monday.

Wall Street's attention was on America's still-worsening coronavirus outbreak, with the country nearing 200,000 new cases daily, and "the blip from Thanksgiving isn't even here yet," says Dr. Anthony Fauci, the nation's top infectious-diseases official.

Meanwhile, slowing momentum on another COVID rescue plan has some analysts worried that relief will be too late and/or too little.

"Even with further stimulus, the potential for some volatility exists if the stimulus package proves insufficient to prevent a series of bankruptcies and financial system strain," says Tracie McMillion, head of Global Asset Allocation Strategy for the Wells Fargo Investment Institute.

"In the very near term, we expect volatility to remain elevated as markets await the Georgia election runoff and remain hopeful for more definitive signs of a viable and much-needed stimulus package out of Washington," chimes in Frank Panayotou, managing director, UBS Private Wealth Management.

The Dow Jones Industrial Average declined 0.5% today off all-time highs to 30,069. Meanwhile, the tech-heavy Nasdaq Composite gained 0.5% to a record 12,519, helped by Tesla (TSLA, +7.1%), which grew to $608 billion in market value ahead of its inclusion in the S&P 500, where it would be the sixth-largest company at its current worth. Netflix (NFLX, +3.5%) and Facebook (FB, +2.1%) were among the other major contributors.

Other action in the stock market today:

  • The S&P 500 lost 0.2% to 3,691.
  • The small-cap Russell 2000 dipped marginally to 1,891.
  • Gold futures were up 1.4% Monday, settling at $1,866 per ounce.
  • U.S. crude oil futures declined by 1.1% to finish at $45.76 per barrel.

What Do Your 2021 Income Plans Look Like?

Bond investors will be pleased to hear that Kiplinger senior editor Jeff Kosnett sees a strong year ahead for bonds.

"Since 2021 stands to be quieter than 2020, with no election, banks and real estate steadying, and progress on the pandemic, there's no urgency I can see to withdraw your 2020 profits from the market," he says.

Investors can take advantage of that kind of environment via these bond funds for a wide variety of income needs.

An economic revival, meanwhile, could benefit real estate investment trusts (REITs), making higher-yielding REITs like these 11 picks a 1-2 punch of price upside and cash payouts.

But no matter what kinds of income investments you consider, ask yourself this: How often are you getting paid?

While most bonds pay semiannually and most stocks pay quarterly, some stocks and funds pay investors each and every month. That kind of dividend regularity can really simplify planning for expenses in retirement, making these picks favorites among people who plan to live on their portfolio income. Read on as we explore 11 of the best monthly dividend payers for the year ahead.

Most Popular

Where's My Stimulus Check? Use the IRS's "Get My Payment" Portal to Get an Answer
Coronavirus and Your Money

Where's My Stimulus Check? Use the IRS's "Get My Payment" Portal to Get an Answer

The IRS has an online tool that lets you track the status of your second stimulus check.
January 18, 2021
How a Third Stimulus Check Could Differ From the First and Second Payments
Coronavirus and Your Money

How a Third Stimulus Check Could Differ From the First and Second Payments

There's a big push in Washington for a third round of stimulus payments. But the amount and eligibility rules for your third stimulus check could be d…
January 27, 2021
When Could We Get a Third Stimulus Check?
Coronavirus and Your Money

When Could We Get a Third Stimulus Check?

President Biden and others in Congress are pushing for a third-round of stimulus checks, but it might be a while before we get them.
January 20, 2021

Recommended

Stock Market Today 1/27/21: Markets Tumble, But 'Reddit Stocks' Story Isn't Over
Stock Market Today

Stock Market Today 1/27/21: Markets Tumble, But 'Reddit Stocks' Story Isn't Over

The major indices delivered significant losses Wednesday; spared were stocks such as GameStop and AMC, which soared amid a push from a corner of the i…
January 27, 2021
How WSB Beat Hedge Funds at Their Own Game
stocks

How WSB Beat Hedge Funds at Their Own Game

Short squeezes and stock mania are nothing new. But the Reddit community WallStreetBets (WSB) has put its own spin on an old formula via GME and other…
January 27, 2021
When to Give Up on a Stock
Becoming an Investor

When to Give Up on a Stock

Selling should have little to do with price. What matters is the business itself and whether it has changed for the worse.
January 27, 2021
6 Contrarian Stock Picks With Tons of Upside
stocks

6 Contrarian Stock Picks With Tons of Upside

These companies are out of favor for one reason or another, but they could pay off for patient investors.
January 27, 2021