March 1, 2021

March 1, 2021

U.S. stocks staged a rebound rally today with all three indices jumping as retreating Treasury yields and vaccine optimism boosted risk assets.

 

Dow Jones finished +603 at 31,535

S&P 500 finished +91 at 3,901

NASDAQ finished +396 at 13,588

 

The 10 Year Treasury closed down 3 basis points yielding 1.43%

Oil prices closed down $1.09 ending at $60.41 a barrel.

Gold prices closed down $7.10 ending at $1,722 an ounce.

 

In the days’ stock news:

 

  • Boeing closed up more than 5% after United Airlines said it is buying 25 additional 737 Max planes and taking delivery of other orders earlier than previously planned.
  • NRG Energy closed up more than 10% after fourth-quarter revenue came in higher than expected. NRG generated just over $2 billion in revenue for the quarter. The company said that the the impact of the Texas winter storm didn’t alter its guidance for 2021.

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