March 29, 2021

March 29, 2021

U.S. stocks fluctuated today with weakness in bank stocks caught in the downdraft of Friday’s margin call, as investors assessed the ripple effect from the forced block trades.

 

Dow Jones finished +98 at 33,171

S&P 500 finished -3 at 3,971

NASDAQ finished -79 at 13,059

 

The 10 Year Treasury closed up 5 basis points yielding 1.71%

Oil prices closed up $0.59 ending at $61.56 a barrel.

Gold prices closed down $22.80 ending at $1,709 an ounce.

 

In the days’ stock news:

 

  • Boeing closed up more than 2%. The advance came after news that Southwest Airlines had added 100 orders for the airliner’s 737 Max jet. The first 30 jets are scheduled for delivery in 2022.
  • Facebook closed up more than 2% after its price target was hiked to $385 per share from $355. The firm said in a note to client that it is growing more optimistic about Facebook’s advertising business in 2021.

 

 

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