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.

 

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