However, the Dow and S&P 500 faced weekly wins

It’s been a volatile week for Wall Street, with the pandemic’s one year anniversary, a global spike in Covid-19 infections, and vaccine updates in the spotlight. Everything got off to a good start on Monday – the yield on 10-year government bonds fell, helping the tech sector climb higher. Investor sentiment was also bolstered by the accelerated pace of Vaccination programs in the USA and AstraZenecas (AZN) encouraging test results. In turn, Wall Street’s “fear knife”, the Cboe Volatility Index (VIX), fell to an annual low, posting its ninth loss in 10 sessions. However, the mood took a turn on Tuesday that made itself felt a year as the pandemic wreaked havoc in the market. Traders dragged profits from reopening stocks as virus variants led to an increasing number of cases around the world. Meanwhile, Federal Reserve Chairman Jerome Powell and Treasury Secretary Janet Yellen stepped up the central bank’s monetary policy.

The stocks extended their losses on Wednesday as the global number of coronavirus cases surpassed that 124 million marks. All three major benchmarks were lower while the VIX posted gains for the first time since March 4th in a row. Thursday was largely spent in the red as well, though stocks were higher thanks to the session at the end of the session thanks Redemption of bond yields. Finally, on Friday, the Federal Reserve announced that financial institutions could resume Buyback programs and raise dividends until the end of June, which gives a boost to sentiment. Better-than-expected consumer sentiment data also helped stocks, as did the core price index for personal consumer spending. On the last review, both the Dow and S&P 500 were staring at weekly wins, even though the tech-heavy Nasdaq was headed for a loss.

Bullish sentiment towards tech names

A handful of tech names hit the headlines this week. Social media giant Snap (SNAP) was among them after a flash Bull signal that could help him get closer to his record highs. Blue-chip Microsoft (MSFT) turned heads as well, and options traders blew the stock after reports the company was in buying talks Video game chat platform Discord. Similarly, streaming giant Netflix (NFLX) attracted option bulls after a high upgrade from Argus Research, which praised the company for its popularity Original content and global expansion. The same cannot be said for Adobe (ADBE), which has moved down despite a number of issues Bull grades and optimistic forecast for the first quarter.

Inventory reopening continues to attract attention

Stocks that depend on the economy reopening also caught investor attention. For one, JetBlue (JBLU) crashed this week after announcing a Convertible bond. Another airline name that came to the fore was Southwest Airlines (LUV) after an analyst referred to it as “one of the” best low cost airlines“Meanwhile, Burger King had parents Restaurant Brands International (QSR) technical supporttin place and could soon benefit from a quick press. Finally, Darden Restaurants (DRI) was higher after the Olive Garden owner reported better than expected Earnings and sales for the third quarter of the financial year.

Holiday shortened week full of economic indicators

The coming week will be a shortThe markets are closed on Friday for the Good Friday holidays, but leave nothing to be desired in terms of economic data. Investors will say goodbye to March as they peruse the national Case-Shiller Index for Home Prices, Rising Unemployment, the Markit Manufacturing Purchasing Manager Index (PMI), and the ISM Manufacturing Index. In terms of revenue, they’ll look forward to reports from Chewy (CHWY), Lululemon (LULU), and Walgreens Boots Alliance (WBA), to name a few. Familiarize yourself with what was happening over the next week by examining why the Wall Street “fear display” might see more March madnessand take a deeper look at the performance of the S&P 500 a year after Covid-19 below.


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