February 25, 2021

February 25, 2021

U.S. stocks fell sharply today as a rapid rise in bond yields spooked investors, who rushed to dump risk assets, especially high-flying technology names.

 

Dow Jones finished -560 at 31,402

S&P 500 finished -96 at 3,829

NASDAQ finished -479 at 13,119

 

The 10 Year Treasury closed up 13 basis points yielding 1.52%

Oil prices closed up $0.19 ending at $63.41 a barrel.

Gold prices closed down $27.00 ending at $1,771 an ounce.

 

In the days’ stock news:

 

  • GameStop the video game stock loved by Reddit users spiked again on today after rising by more than 100% in the previous session. Shares of GameStop closed up 19%.
  • Teladoc fell more than 13% after posting a wider-than-expected loss for its quarterly earnings. Teladoc reported a loss of 27 cents per share, compared to the expected loss of 24 cents per share.

 

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