Stock Market Weekly Update - March 8, 2021
- March 8, 2021
Stocks rebounded in a big way last Monday. Investors may be picking low-hanging fruit following the prior week's depressed values, or they may have regained confidence in the market despite higher Treasury yields. In any case, each of the benchmark indexes listed here posted sizable gains, led by the Russell 2000 (3.4%), followed by the NASDAQ (3.0%), the S&P 500 (2.4%), the Dow (2.0%), and the Global Dow (1.6%). Yields on 10-year Treasuries dipped, as did the price of crude oil. The dollar inched up 0.2%. The market sectors enjoyed a resurgence as well, with information technology and financials each climbing more than 3.0%.
Posting weekly gains were the Dow, the Global Dow, and the S&P 500. The NASDAQ and the Russell 2000 could not recover from mid-week sell-offs, ending the week in the red. Treasury yields continued to surge, driven by concerns that inflationary pressures are about to rise.
SPENCER NURSE
Title:FINANCIAL ADVISOR, MANAGING DIRECTOR-INVESTMENTS
The Nurse Team has more than 50 years of combined experience in financial planning strategies. The team focuses on risk-adjusted investment management when assisting clients in addressing their retirement, educational, and philanthropic goals. Spencer and his team take direct responsibility of investment management for client portfolios. In the evolving markets and changes in clients’ lives, the team focuses on creating goal based strategies that are tailored to client’s specific situation at various stages in life.
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