February 22, 2021

February 22, 2021

The rotation from technology to value that saw the NASDAQ lose 4.4% last week continued into trading today with the NASDAQ shedding another 2.5% while the 30 stock Dow finished with a small gain. Tech has been leading the way for most of the pandemic, but the recent move higher in interest rates in giving traders pause.

At the close:

  • Dow +27 to 31,521
  • S&P 500 -30 to 3,876
  • NASDAQ -341 to 13,533
  • Oil +2.25 to 61.50 (15 month high)
  • Gold +30 to 1805

In corporate news shares of Boeing were 3% lower after the engine malfunction that occurred over the weekend in Denver as United grounds their other Boeing 777 jets for inspection. Kohls rallied 10% before closing with a gain of 7% after a group of activists took a stake in the company. Tesla opened lower at dropped 9% which may be related to their large stake in Bitcoin which had a volatile day.

Daily Updates

January 24, 202.

Stocks had a dramatic comeback today as investors stepped in...

January 21, 202.

Stocks closed down today with investors rotating further away from...

January 18, 202.

The major averages fell sharply Tuesday after Goldman Sachs reported...

Monthly Updates

Omicron Fears E.

Last month we pointed out that December is the best...

Another Covid V.

November is historically a good month for the market and...

Best Month of t.

Earnings are the fuel that drives the train and the...

Stay up to date with our newsletter