The stock market continued its positive momentum the past week on optimism surrounding additional stimulus measures, a solid start to the fourth-quarter earnings season and the continued rollout of coronavirus vaccines.

Investment banks JPMorgan and Citigroup led a group of more than 30 blue chip U.S. companies that are suspending or modifying their political donation strategies following the deadly riot at the U.S. Capitol on Jan. 6. Some companies have chosen to withhold funding only from members of Congress who objected to certifying the election, while others are temporarily suspending all political donations.

Twitter shares dropped more than 12% after the company permanently banned President Donald Trump from its platform due to concerns that his posts would incite further violence following the incident at the Capitol. Facebook, Instagram and YouTube have also joined Twitter in at least temporarily blocking or restricting Trump’s access to their platforms.



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