March 11, 2021

March 11, 2021

Stocks closed higher today after Congress passed another expansive coronavirus relief package. Technology shares rebounded, and Treasury yields steadied

 

Dow Jones finished +189 at 32,485

S&P 500 finished +41 at 3,939

NASDAQ finished +330 at 13,398

 

The 10 Year Treasury closed up 1 basis point yielding 1.53%

Oil prices closed up $1.69 ending at $66.13 a barrel.

Gold prices closed down $0.40 ending at $1,722 an ounce.

 

In the days’ stock news:

 

  • Bumble closed up more than 10% following Bumble’s first quarterly update as a publicly traded company. Bumble reported revenue of $165.6 million, versus the expected $163.3 million. The company also gave an upbeat forecast for the current quarter.
  • Roblox closed up more than 6% on its second day of trading after Cathie Wood’s Ark Invest purchased more than 500,000 shares of the stock for her Ark Next Generation Internet ETF today.

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