Dow snaps 2-day losing streak as economy shows growth in early spring, but tech stocks slip

U.S. stocks closed mostly lower Wednesday, after the Federal Reserve’s Beige Book pointed to a moderate pace of economic growth this spring, but a slight inflation uptick in 2021.

The Beige Book survey also pointed to progress on the vaccination front as providing a boost to the economy outlook. “We are getting a flavor of what’s to come,” said Yung-Yu Ma, BMO Wealth Management’s chief investment strategist, of ramped up earnings and profit by big banks. “We think that continues for bank earnings and it is something we think probably lasts for the rest of this year.”

And while bank shares haven’t been a focus among his traders for some time, Denier said early quarterly results point to a “feasting moment” for big banks, thanks to the surge in IPOs, SPACs and other capital market activities during the pandemic.

Still bullish

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I pick up at $45

I Liked $430 as a better round number but limit order got filled at 429.50.

😬

$algo Algorand

Cringe ass crypto moment -7DeadlyFetishes

Media's narrative yet remained the same..

This is not the DIP we are looking for. Wait a few weeks

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