February 26, 2021

February 26, 2021

Wall Street closed mixed today, with battered technology shares recovering some declines with encouraging data, as fears of rising interest rates caused investors to panic.

 

Dow Jones finished -470 at 30,932

S&P 500 finished -18 at 3,811

NASDAQ finished +73 at 13,192

 

The 10 Year Treasury closed down 11 basis points yielding 1.40%

Oil prices closed down $1.90 ending at $61.63 a barrel.

Gold prices closed down $45.90 ending at $1,729 an ounce.

 

In the days’ stock news:

 

  • DraftKings closed up more than 6% after it both reported stronger-than-expected quarterly sales and hiked its full-year revenue forecast. DraftKings said users are more frequently access its platforms thanks to marketing campaigns and continued legalization of sports gambling.
  • Airbnb closed up more than 13% after Airbnb posted its first quarterly update as a publicly traded company. Airbnb reported a $3.89 billion loss, although revenue did beat expectations.

Daily Updates

April 22, 2021.

U.S stocks closed down today after reports that President Joe...

April 20, 2021.

U.S. stocks fell for a second day today as strong...

April 19, 2021.

U.S. stocks slipped from record levels to start the week...

Monthly Updates

Stocks Higher f.

Both January and February began with nice rallies and it...

Vaccines and St.

February is historically the only month of the year with...

Profit Taking.

January is traditionally one of the best months of the...

Stay up to date with our newsletter