US Stock Market ends the week with minor decline against last week's rally

Stock market has been quite erratic recently as investors weigh in between the possibility of a sudden appearance of inflation affecting interest rates and the chance of the economy getting better.
 
WAN CHAI, Hong Kong - March 21, 2021 - PRLog -- These concerns caused a selloff for the market on government bonds, attracting investors away from high-growth stocks such as tech. This led to the reduction of financial stocks, ending with all three of the major financial indexes on the negative compared to last week.

Dow Jones Industrial Average dropped down by 234.33 points or 0.71% from yesterday. This is also 0.5% lower compared to their last week's performance. S&P 500 also lost 2.36 points or 0.06% from Thursday's results, and is 0.8% lower versus their last week's. On the other hand, NASDAQ bounced back a bit from yesterday's result, where they ended increasing about 99.07 points or 0.76%.

Bank stocks are also dwindling after the Fed announced the end of the reprieve given to them last year. Citigroup dropped down to $73.01, or by 1.1%. Bank of America reduced to $38.53, or is down by 1.1%. JPMorgan Chase fell $2.51 or is lower by 1.6%.

While the major market suffered a setback, the Treasury's' yields are getting better. The 10-year Treasury advanced by 12 points or 1.73% which was mostly from Thursday's events. This still remains to be its peak value since January of last year.

Below is a quick summary of today's market session:
  • Dow dropped by 0.71%
  • S&P 500 slipped by 0.06%
  • NASDAQ upped by 0.76%
  • 10-year Treasury yield gained 1.73%
  • Shanghai down by 1.69%
  • Euronext 100 declined by 0.67%
As for the world stock market, China's Shanghai slipped by 58.40 or 1.69% down to 3,404.66, while Europe's Euronext 100 fizzled declined about 7.9 points or 0.67% to 1,176.57. According to experts this has been expected since the delay for the COVID-19 vaccine rollout is being considered by most investors.

Meanwhile, under commodities, Gold advanced by 2.20 points and ended at 1,743.90, while Silver moved up by 0.01 points to 26.34. Oil also bounced back by 0.07 points and ended 61.51.

For more financial news and advisories do visit us at Olympus International Limited. You may also check what services we can offer by browsing at our website https://olympusintltd.com/ or contact us thru email.

Contact
Olympus International Limited
***@olympusintltd.com
End
Email:***@olympusintltd.com
Posted By:***@olympusintltd.com Email Verified
Tags:Olympus International Limited
Industry:Investment
Location:Wan Chai - Hong Kong Island - Hong Kong
Subject:Reports
Account Email Address Verified     Account Phone Number Verified     Disclaimer     Report Abuse
Olympus International Limited News
Trending
Most Viewed
Daily News



Like PRLog?
9K2K1K
Click to Share