Weekly Market Recap: Top Gainers and Losers (Week of _____)
This week in the stock market brought both excitement and disappointment for investors. With major shifts in industry sectors, let’s take a closer look at the top gainers and top losers from the week.
Top Gainers:
First on our list are the technology giants. Apple (AAPL) saw a significant increase this week, up by 7%, following strong earnings reports and optimistic projections for their latest product releases. In the healthcare sector, Moderna (MRNA) rose by 12% thanks to promising news regarding their COVID-19 vaccine. The energy sector also had winners, with ExxonMobil (XOM) gaining 5% due to a rise in oil prices.
Top Losers:
On the losing side, airline stocks continued to struggle. American Airlines Group (AAL) dropped by 15% due to ongoing concerns about travel demand in the face of rising COVID-19 cases. Cruise line companies also experienced losses, with Carnival Corporation (CCL) and Royal Caribbean Group (RCL) both losing around 8% as investors remain cautious about the industry’s future. In the retail sector, Bed Bath & Beyond (BBBY) saw a 13% decrease following weak sales reports and concerns about its long-term growth prospects.