Stock market: Dow Jones at a new high

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Market review. The New York Stock Exchange finished in loose order on Tuesday, after a choppy session after a long weekend, even as the Dow Jones rose to a new high.

The Toronto Stock Exchange has rebounded somewhat, driven primarily by the healthcare (which includes hemp companies) and energy sectors.

Pointers

In Toronto S & P / TSX It ended the day with a gain of 32 points, or 0.18%, to 18,492 points.

In New York, Prof. Standard & Poor’s 500 It fell two points, or 0.06%, to 3,932 points.

The Dow Jones An advance of 64 points, or 0.2%, to 31,522 points.

The Nasdaq It lost 47 points, or 0.34%, to 14,047 points.

Context

In the session, the three indices were on their way to new records before weakening as the 10-year Treasury yield rose sharply, highlighting inflation concerns, analysts at Wells Fargo indicated.

Consequently, the yield on the 10-year Treasury bills accelerated sharply, rising nearly 8% to 1.3023% versus 1.2082% at the last close, the highest level since the end of February 2020.

Of the 11 sectors for the S&P 500, only three rose, notably banks (+ 1.77%) and especially energy (+ 2.26%) as crude oil prices rose and the sudden cold dominated the central US.

For analysts Schaub, The bottom of the stock market remains optimistic “driven by progress in deployment of COVID-19 vaccines and case development, as well as highly aligned budget and monetary policies.”

In terms of economic data, the week gets off to a good start with the unexpected spike in February in manufacturing activity in the highly industrialized New York area. At 12.1, this measure is at its highest in seven months.

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In the ranks of work, BlantyreThe data analysis and intelligence group that went public in September, was down 12.75%. Although the Unicorn reported a first above-expected annual profit, investors were skeptical about the growth of Palantir’s customer base this year.

Alcohols and spirits group Constellation brands Its stock is down nearly 4% after its sharp rally last week, as beer maker Corona is exposed to a previously unwanted restricted takeover bid TRC Capital.

Apple, city, cat It fell 1.61% after April He has denied talks with the tech group to build electric, self-driving cars.

Apple is also facing a project that The social networking site Facebook (+ 1.28%), according to press information, to manufacture a smartwatch, which will be a competitor to Apple Watch.

Oil groups BP (+ 5.80%) and Chevron (+ 2.05%) welcomed investment in geothermal energy.

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