Tuesday's Market Recap - The Dow And S&P Declined While The Nasdaq Ended With Gains.
- Mar 16, 2021
- 2 min read
What is The Premarket Telling Us?
8:45 AM.
Stocks futures are mixed at the hour. Dow futures down 4 points, Nasdaq futures up 74 points, and S&P futures up 5 points. Asian markets ended higher in their session.
On The Bond Desk:
The US 10 Year Bond Yield at 1.59%, down 0.02%.
Currency Desk:
Eurodollar: 1.19
UK Pound: 1.38
Crude Oil:
WTI crude oil futures at $64.44/barrel, down 1.45%.
On the Earnings Calendar:
None to report
In M&A News:
None to report
What About The Asian And European Markets?
Major Asian markets ended higher. Japan (Nikkei 225) gained 0.52%, Shanghai up 0.78%, Hong Kong (Hang Seng) up 0.67%.
Major European markets were also higher. German (DAX) up 0.66%, France CAC 40 up 0.32%, London FTSE 100 up 0.80%.
Market And Sector Dynamics
Markets opened the trading session mixed, with the Dow down 27 points, Nasdaq up 64 points, and the S&P up 4 points. WTI crude oil started the day off at $64.07/barrel, down 2.02%, and the US 10 Year Bond down 1.4 basis points, at 1.593%.
Markets traded below the flat line, and remained volatile for the entire session. At the low of the day, the Dow fell 171 points. Stocks headed lower after the 10 Year Bond ticked higher early in the session, halting the rise in some growth stocks.
Seven of the eleven S&P sectors ended in negative territory today, led by Energy, Industrials, Financials, Basic Materials, Consumer Discretionary, Healthcare, and Real Estate. Communication Services, Technology, Utilities, and Consumer Staples ended with gains.
Factors Influencing Today's Market
US 10 Year Bond closed today at 1.621%, up 0.88%, sending the market lower.
Asian markets ended the session with gains.
WTI crude oil closed at $64.89/barrel, down 0.76%.
February Retail Sales fell -3.0% vs -5.0% expected.
Market Close Volume Traded And Advance Decline Ratio
Stocks ended mixed on Wall Street today. The Dow down 127.51 points, Nasdaq gained 11.86 points, and S&P down 6.23 points. Total NYSE volume traded a moderate 4.67 billion shares. Declining shares outpaced Advancing shares by 2:1.
Data Sources: Bloomberg, CNBC, CNN Money, Google Finance, Market Watch, TD Ameritrade, Yahoo Finance.
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