Weekly Review (March 1-5)
STOCKS
Following a promising start, global stocks turned sour in the second half of the week, as the resurgent US Treasury yields triggered a massive sell-off in the markets. Earlier in the week, the yields corrected lower, while vaccination and stimulus optimism coupled with fresh strong economic data added to the upbeat tone among investors. However, investor concerns were back ahead of the following the latest comments from Federal Reserve Chairman Jerome Powell. The central bank governor disappointed market players who had hoped him to say more about how the Fed would react to cap a rally in bond yields.
05.03.2021
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Weekly Review (Feb 22-26)
STOCKS
Broad risk sentiment soured last week amid rapidly rising bond yields. US 10-year Treasury yields rallied to a high of 1.6%, threatening the relative appeal of equities as fears of higher interest rates and inflation deepened. The jump last week brought the yield above the dividend yield of the S&P 500. As a result, the blue-chip Dow and S&P 500 lost 1.7% and 2.5%, respectively, while the technology-heavy Nasdaq posted its worst week since October than by Friday’s close.
26.02.2021
4021
Market Trends Brief Report
Stocks
The S&P 5IBM Corp slumped 7.4% and was the biggest loser among Dow components trading premarket after it missed estimates for quarterly revenue, hurt by a rare sales decline in its software unit. Intel Corp dropped about 4% as new Chief Executive Officer Pat Gelsinger signaled the lack of a strong embrace of outsourcing. The S&P 500 and the Nasdaq ended at record levels on Thursday on optimism about further pandemic aid under the Biden administration to help the economy recover from a steep downturn.
22.02.2021
4972
Weekly Review (January 30 – February 3)
STOCKS
Wall Street markets edged lower at the start of the week after six sessions of gains as investors got nervous ahead of the Fed’s meeting. The Fed raised interest rates by 0.25%, in line with expectations, but market players focused on Powell’s press conference as he said that for the first time, the central bank could say the "disinflationary process has started." At the same time, the bank highlighted again that ongoing increases in the target range will be appropriate. As a result, major stock indices finished higher following the meeting to extend gains ahead of the weekend. Of note, the S&P 500 rose to its highest level in five months on Thursday due to strong quarterly results from Meta. The index jumped nearly 1.5%, the tech-heavy Nasdaq Composite advanced 3.25% to its highest level since September. Meanwhile, the Dow Jones bucked the trend, falling 0.11%.
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