Banks were among the rare gainers premarket as the yield on the benchmark 10-year note stood near a 13-month high, while Wall Street’s fear gauge jumped nearly 3 points and was on course for its biggest one-day rise this month. Since the yield surge began in mid-February, the Russell 1000 growth index has fallen 7.7% against a 1.8% gain for its counterpart value index consisting of cyclical stocks such as financials and energy. Some of the $1,400 in payments heading to most Americans could end up in the stock market and could provide a boost for GameStop and other stocks popular among retail investors active in online social media forums.
An expected economic surge once the coronavirus vaccines are rolled out along with the monster fiscal stimulus have triggered inflation fears and a spike in Treasury yields, leading the Nasdaq to tumble as much as 12% from its Feb. There will be cliches aplenty tossed around as the Big 12 Conference tournament gets rolling this week, and you can bet Texas Tech coach Chris Beard and his team are paying close attention to one in particular. history – and President Joe Biden said he hoped for quick passage of the revised bill by the House of Representatives so he could sign it and send $1,400 direct payments to Americans.
The Senate on Saturday passed the stimulus package – one of the biggest in U. In the event you beloved this informative article and you desire to obtain more details with regards to สมัคร luckydays i implore you to check out our web site. S. Trading in GameStop was volatile with the stock at times poised to set the videogame retailer on track for its longest streak of daily gains in six months and extending a rally that has already doubled the company’s market value. Investors are shifting funds from tech stocks with lofty valuations to other groups, such as energy and financials, that are undervalued and more of a play on an improving economy in a post-COVID world than big tech is, said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia.
“There are tensions about inflation pressures and the stimulus package certainly adds to that pressure which is shown in the weakness in tech stocks and the Nasdaq,” said Robert Pavlik, senior portfolio manager at Dakota Wealth in New York. economy reopens and sold the big tech names that have fueled the rally since last March. A rotation into sectors such as energy and financials continued, both in small- and large-cap stocks, as investors bet on consumer spending when the U.S.
March 8 (Reuters) – The Nasdaq was set to slump at the open on Monday as the passage of a $1.9 trillion COVID-19 relief package by the U.S. Senate lifted bond yields, pressuring richly valued technology stocks and sparking inflation concerns. Senate Democratic Conference Leader Andrea Stewart-Cousins said: ‘For the good of the state Governor Cuomo must resign. Every day there is another account that is drawing away from the business of government’ March 10 (Reuters) – The S&P 500 rose on Wednesday and the blue-chip Dow hit a record high after tepid consumer price data for February calmed inflation worries and Congress gave final approval to one of the largest economic stimulus measures in U.
