"A sense of calm has been restored to global bond markets which has facilitated a renewed rally in risky assets," Simon MacAdam, senior global economist at Capital Economics, told clients Friday. Stocks in China have come under pressure since February as Beijing has cracked down on tech companies. Chaoping Zhu, global market strategist for JPMorgan Asset Management, noted that GDP grew by just 0.6% compared with the final quarter of 2020, the slowest pace since China began its pandemic comeback. Big picture: The push by Massachusetts to revoke Robinhood's license is yet another obstacle as the company prepares to go public. Some of its beverages, like Bubly and ready-to-drink coffee beverages it sells in partnership with Starbucks, also delivered high growth.

Source: CNN April 16, 2021 11:37 UTC