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Busy Week on Wall Street, But Trading Volume Was a Yawner
The stock market opened the week with a broad and deep selloff, leading the Wall Street punditry class to predict all manner of gloom and doom. But stocks ended the week higher thanks to gains in technology and internet-related giants.
Early week weakness was attributed to growing fears about the spread of the delta variant of the coronavirus. Second-quarter corporate earnings reports and outlooks also aided the bounce-back. Strong earnings by most of the large companies that reported overwhelmed the disappointing results for a handful of corporations.