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Submission: On January 18 via manual from BR — Scanned from DE
Submission: On January 18 via manual from BR — Scanned from DE
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We've detected you are on Internet Explorer. For the best Barrons.com experience, please update to a modern browser. CHROME SAFARI FIREFOX We've detected you are on Internet Explorer. For the best Barrons.com experience, please update to a modern browser.GoogleFirefox Search News & Quotes Barron's TopicsStock PicksMagazineDataAdvisorPenta100 Years Subscribe Now |Sign In Barrons Stocks Needed a Little Boost From Powell. They Got It—and Shot Up. Next: This Tech Company Could Be the Next Uber. Its Stock Looks Too Cheap. * * * * Share This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. https://www.barrons.com/articles/stock-market-today-51641896945 * Markets * Markets Now STOCKS NEEDED A LITTLE BOOST FROM POWELL. THEY GOT IT—AND SHOT UP. * * * * -------------------------------------------------------------------------------- By Jacob Sonenshine, Nicholas Jasinski and Jack Denton Updated Jan. 11, 2022 1:16 pm ET / Original Jan. 11, 2022 5:30 am ET * Order Reprints * Print Article Stocks just needed a little reassurance that the Federal Reserve isn’t going to do a lot of damage economy. Fed Chairman Jerome Powell provided just that Tuesday. Powell went to Capitol Hill for his renomination hearing before the Senate Banking Committee. He exuded confidence in the markets and the recovery. After he spoke, investors started buying. By... Subscribe or Sign In to continue reading -------------------------------------------------------------------------------- * Technology * Sizing Up Small-Caps THIS TECH COMPANY COULD BE THE NEXT UBER. ITS STOCK LOOKS TOO CHEAP. * * * * -------------------------------------------------------------------------------- By Nicholas Jasinski Updated January 18, 2022 / Original January 14, 2022 * Order Reprints * Print Article Illustration by Federico Gastaldi Technology has managed to replace business trips, visits to the gym, and in-person shopping. But for anyone who has dealt with a leaky faucet or overgrown tree, the Covid era has been another reminder: Good help is hard to find. Angi (ticker: ANGI) has spent the past 25 years trying to solve the problem. For most of that time, the company used internet ads to match homeowners with prescreened plumbers, carpenters, and landscapers. It was a decent business, but the model stalled during the pandemic. Overworked contractors,... Subscribe or Sign In to continue reading -------------------------------------------------------------------------------- More from News Corp * Realtor.com Looking to buy your first home? You’ve come to the right place. * Mansion Global Art Dealer Quietly Buys 4-Acre East Hampton Estate for $5.65 Million * Mansion Global The California Mansion Howard Hughes Famously Crashed His Plane Into Is Back on the Market for $16 Million * Realtor.com Oops! My 4 Biggest Regrets Building Our Dream House From the Ground Up * Wall Street Journal Elon Musk Boosts Dogecoin as Tesla Starts Accepting the Cryptocurrency for Payment Close STOCKS NEEDED A LITTLE BOOST FROM POWELL. THEY GOT IT—AND SHOT UP. Stocks just needed a little reassurance that the Federal Reserve isn’t going to do a lot of damage economy. From To Message SEND An error has occurred, please try again later. Thank you This article has been sent to Privacy Notice Cookie Notice Do Not Sell My Personal Information Copyright Policy Data Policy Your Ad Choices Subscriber Agreement & Terms of Use Barron's Archive Corporate Subscriptions Copyright ©2022 Dow Jones & Company, Inc. All Rights Reserved. Barron's Copyright ©2022 Dow Jones & Company, Inc. All Rights Reserved This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.