With vaccinations and federal relief, a “euphoric resumption of social activity” will now power the U.S. and California economies despite lingering inequality.The big technology names that rose sharply in 2020 were among the gainers Tuesday. Apple rose 1.6%, Google’s parent company, Alphabet, added 1.4% and Facebook rose 2%. Tech stocks have moved in tandem with the bond market, so as some bond yields ticked lower Tuesday, it moved technology stocks in the opposite direction.
Retail sales fell a seasonally adjusted 3% in February from the month before, the U.S. Commerce Department said Tuesday. February’s drop followed soaring sales in January as people spent $600 stimulus checks sent at the end of last year. In fact, the Commerce Department revised its January number upward to 7.6% from its previously reported rise of 5.3%.
Investors are betting big that this economic malaise will dissipate as spring arrives for most of the country and more Americans get vaccinated. Further, President Biden’s administration started sending out $1,400 stimulus checks to individuals last weekend.Some investors fear the stimulus could translate into inflation down the road, however, which has caused investors to sell bonds. When bond prices fall, their yields rise.
Correction is coming!
this is terrible news
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Japan stocks set to dip as investors watch tech stocks following Wall Street sell-offThe tech-heavy Nasdaq Composite fell about 2% overnight on Wall Street. Sux Awesome Please donate, share or retweet, help baby Joshua win his fight against acute lymphocytic leukemia (ALL)—blood cancer. He’s relying on the success of chemotherapy & a life-saving stem cell transplant. Please help to give Joshua a fighting chance:
Source: CNBC - 🏆 12. / 72 Read more »
Asian stocks rise after Wall Street highs and on vaccine optimismAsian stocks rose Monday after Wall Street hit a new high and investors were encouraged by government stimulus and the rollout of coronavirus vaccines. have they never heard of *INFLATION* 🙄 So
Source: MarketWatch - 🏆 3. / 97 Read more »
Stocks rise in Tokyo, fall in Hong Kong after lackluster day on Wall StreetAsian shares were mixed Wednesday after Wall Street took a breather, with major indexes edging lower. The twisted economic policy plans for Hong Kong will only end in more chaos. Brace yourselves, citizens of Hong Kong...
Source: MarketWatch - 🏆 3. / 97 Read more »
Meme Stocks, NFTs, Tech Rotation Dominate Crazy Quarter on Wall StreetThe first quarter offered no shortage of drama for markets. Meme stocks surged, celebrities dove into SPACs, and a fire sale of stocks saddled some banks with losses, as investors big and small showed no fear of risk-taking. living in pain but never bowed, hated but love is all i have, left behind but still have faith, despised yet standing tall,that's the attitude we iraqi US allies have,please speed up the process of moving us to states, Reactivate SIV Pro
Source: WSJ - 🏆 98. / 63 Read more »
Stocks rebound in late-day rally on Wall StreetU.S. stocks rose in a late-day rally on Thursday as investors bought stocks likely to do well in the recovery and picked up beaten-down Apple and Tesla shares in anticipation that the U.S. economy grows at its fastest pace in decades this year.
Source: Reuters - 🏆 2. / 97 Read more »
Wall Street closes lower; bank stocks fallThe Standard & Poor's 500 lost 0.1% to end with its first weekly loss in the last three.
Source: latimes - 🏆 11. / 82 Read more »