February 24, 2021

February 24, 2021

The stock market staged another big intraday comeback today as investors continued to pile into names sensitive to an economic comeback, while looking past the risk of inflation and rising interest rates.

 

Dow Jones finished +425 at 31,961

S&P 500 finished +44 at 3,925

NASDAQ finished +133 at 13,597

 

The 10 Year Treasury closed up 1 basis point yielding 1.37%

Oil prices closed up $1.55 ending at $63.22 a barrel.

Gold prices closed down $4.30 ending at $1,801 an ounce.

 

In the days’ stock news:

 

  • Lowe’s closed down more than 3% after the company said home improvement sales will likely decline in 2021 as more people get Covid-19 vaccines and spend more time outside their homes.
  • Six Flags advanced more than 4% after the company beat top-line estimates during the fourth quarter. They reported revenue of $109 million compared to the $86.6 million estimate.

 

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