Stock market: Dow Jones at a new high

(Image: Getty Images)

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.


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.


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.

See also  Julian Assange resumes extradition to the United States

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.

Leave a Reply

Your email address will not be published. Required fields are marked *