The Dow Jones Industrial Average jumped to another record high on Friday as rising reopening optimism continued to encourage the rotation into cyclical stocks. Meanwhile, surging bond yields rekindled valuation fears and took the comeback momentum out of tech names.
The S&P 500 erased earlier losses and inched up 0.1%, eking out a record close of 3,943.34. Tech and communication services were the only two sectors registering losses. The Nasdaq Composite shed 0.6% as rates surged. Alphabet and Facebook dropped 2% each, while Apple, Amazon and Microsoft all closed in the red.
I thought the stock market was going to crash once joebiden was in office. Oh, just more GOP lies? I thought so.
ClosingBell CNBC hard at work to try and keep tech stocks held down
Write this date in your diary. September 2021 markets on a heading for a downward trend/spiral 👎
Nearly climbed 🆙
How Come Hindenburg Research is totally legit but Keith Gill's is not? We need fairness in the market.
Bullish
The Mere Pronouncement of 'LORD, LORD' Cannot take you to Heaven. THE ONE WHO PROPHESIED CORONAVIRUS ON DECEMBER 1ST, 2015 AND RAVAGING LOCUSTS PLAGUE LIVE ON JESUS IS LORD RADIO-05.02.2021 TheFridayVigil