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

July 30, 2021.

Stocks declined today, with every major index finishing in negative...

July 29, 2021.

Stocks moved higher today, with every major index finishing in...

July 28, 2021.

Stocks finished the day mixed with the NASDAQ moving higher,...

Monthly Updates

Six Straight Mo.

July has historically been the best month of the year...

Best First Half.

Monthly Market Recap - June June is traditionally a very...

Monthly Market .

May is one of only 2 months during the year...

Stay up to date with our newsletter