Stock market today

After yesterday’s stock market rally, today there was a pause and all major US stock indices fell. Small-cap stocks underperformed. The closing numbers for the US stock market today follow.

S&P 500: 3,870.29,-31.53(-0.81%)
Dow 30: 31,391.52,-143.99(-0.46%)
Nasdaq: 13,358.79,-230.04(-1.69%)
Russell 2000: 2,231.51,-43.81(-1.93%)

Stock market news

“Stocks ended lower on Tuesday as the major indexes pulled back after rallying a day earlier.

Tech shares led the way lower and dragged the Nasdaq down 1.7%. A day earlier on Monday, the S&P 500 jumped by 2.4% for its best session since June 2020, while the Nasdaq jumped 3%. Shares of Zoom Video Communications (ZM), a darling of the “stay-at-home” trade, reversed overnight gains to slump more than 9% by market close even after the company delivered earnings results and guidance that far exceeded expectations, helping assuage fears of a slowdown as more in-person activities resume.

A combination of easing Treasury yields, optimism over Johnson & Johnson’s (JNJ) newly authorized COVID-19 vaccine and prospects of another near $2 trillion stimulus package out of Congress helped buoy risk assets earlier this week following a late February rout. The U.S. Senate is set to begin debating the $1.9 trillion relief package that the House of Representatives advanced over the weekend this week, Senate Majority Leader Chuck Schumer said.

And the benchmark U.S. 10-year yield eased below 1.45% this week after swiftly climbing to a one-year high of as much as 1.6% just last week. Investors have been closing eyeing the rise in interest rates as a cause for concern for equities, with rates closely tied to borrowing costs for companies and consumers. Rising rates can also divert investor attention away from stocks by offering an alternative source of yield for investors.

Still, many strategists also noted that modestly rising rates from last year’s ultra-low levels are not inherently problematic for stocks. And as Federal Reserve Chair Jerome Powell said late last month, rising rates and a steepening yield curve also serve as a sign of increasing optimism about the trajectory of the U.S. economy.”

Stock market data: Yahoo Finance

Stock market today

The US stock market had a rally today starting the new month of March 2021 with gains of more than 1.90% for all major stock indices. Tech stocks rebounded sharply but small-cap stocks outperformed. The closing numbers for the US stock market today follow.

S&P 500: 3,901.82,+90.67(+2.38%)
Dow 30: 31,535.51,+603.14(+1.95%)
Nasdaq: 13,588.83,+396.48(+3.01%)
Russell 2000: 2,272.70,+71.65(+3.26%)

Stock market data: Yahoo Finance

Stock market news

“U.S. stocks staged a rebound rally on Monday, with each of the S&P 500, Dow and Nasdaq jumping as retreating Treasury yields and vaccine optimism boosted risk assets.

The S&P 500 surged by more than 2% in its best session since June 2020, and the Nasdaq and small-cap Russell 2000 outperformed with gains of more than 3% each. The financials, information technology and industrial sectors led the S&P 500’s comeback after a bout of volatility last week. A sell-off in tech shares sent the Nasdaq down 4.9% last week for its worst weekly performance since October.

But the move higher in risk assets on Monday coincided with steadying across the Treasury yield curve, after central bank officials from the Bank of England to the Reserve Bank of Australia echoed sentiments from the U.S. Federal Reserve and doubled down on commitments to maintain an accommodative policy posturing throughout the global economic recovery.

The yield on the 10-year note retreated to hover below 1.45% after spiking to a one-year high of 1.61% last week. The excessively swift rise in interest rates spooked equity investors last week, with rates impacting a range of both corporate and consumer borrowing costs.

“One key reason for the importance that investor ascribed to expected future growth was the extremely low level of interest rates. As rates have risen, the contribution of equity duration to stock valuations has declined while near-term growth profiles have become more important,” Goldman Sachs strategist David Kostin wrote in a note. “Practically, this means that both the improving growth outlook and rising rates have supported the outperformance of cyclicals and value stocks relative to stocks with the highest long-term growth.”

Meanwhile, vaccine optimism also helped boost the major stock indexes. A U.S. Food and Drug Administration panel issued an emergency use authorization for Johnson & Johnson’s (JNJ) single-dose coronavirus vaccine with unanimous backing, making it the third shot approved for use in the U.S. The company has already begun shipping its COVID-19 vaccine and expects to deliver more than 100 million doses of the single-shot vaccines during the first half of 2021, including more than 20 million by the end of March. Shares of Johnson & Johnson, a Dow component, jumped more than 2% in early trading.”

Stock market today

A mixed close for the US stock market today. The major them this week was the surge in bond yields, as the 10-yr bond yield rose to 1-year highs near 1.60%. Tech stocks recovered today but trimmed their earlier gains. Dow tumbled 1.50%. The closing numbers for the US stock market today follow.

S&P 500: 3,811.15,-18.19(-0.48%)
Dow 30: 30,932.37,-469.64(-1.50%)
Nasdaq: 13,192.34,+72.91(+0.56%)
Russell 2000: 2,201.05,+0.88(+0.04%)

Bond yield

The Treasury Yield 10 Years (^TNX) today closed at 1.4600-0.0580 (-3.82%).

Stock market news

“Wall Street stocks ended mixed on Friday, with battered technology shares recovering some declines amid encouraging data, though fears of rising interest rates caused investors to take fright.

The Nasdaq traded 0.6% higher, paring losses at the end of the week. However, the index still posted a weekly loss of 4.9% for its worst since October as tech stocks unwound some of their steep 2020 gains this week, as benchmark Treasury yields spiked to their highest levels since January 2020. The rise in rates are tied to a range of corporate and consumer borrowing costs, and may undermine the recovery if they jump too quickly.

The S&P 500 ended about 0.5% lower while the Dow shed 475 points, or 1.5%, at the end of Friday’s session. The indexes posted gains of 2.6% and 3.2% for February, thanks to a rally earlier in the month. The Nasdaq’s monthly gain was just under 1%.

On Friday, the U.S. House of Representatives is anticipated to pass a $1.9 trillion COVID-19 stimulus package, which would include measures in President Joe Biden’s original proposal like $1,400 direct checks to most Americans, $400 per week in augmented federal unemployment insurance and $350 billion in state, local and tribal government relief. The bill would then head to the U.S. Senate, with many lawmakers aiming to pass the bill before a mid-March cliff for when current pandemic-era benefits are set to expire.

Meanwhile, shares of Airbnb (ABNB) rose more than 10% after the company reported better-than-expected sales in the fourth quarter, despite ongoing pressure to the travel industry because of the coronavirus pandemic. But shares of DoorDash (DASH), another newly public company that debuted earnings results after market close, sank more than 3%, after the food delivery company posted widening net losses and said the outlook this year was “highly uncertain” as in-person restaurants begin to reopen.

A rapid rise in Treasury yields this week has deterred investors from risk assets, as the specter of rising borrowing costs for companies and a jump in inflationary pressures mounted. The yield on the benchmark 10-year note jumped to a fresh one-year high of as much as 1.6% on Thursday before cutting some gains.”

Stock market data: Yahoo Finance

Stocks today

Some trending stocks today, all stock quotes, stock prices as of the close of the US stock market today.

Fisker Inc. (FSR): 28.50+6.92 (+32.07%)

OS Limited (SOS): 4.7700-1.2700 (-21.03%)

Virgin Galactic Holdings, Inc. (SPCE): 37.23-5.01 (-11.86%)

Ocugen, Inc. (OCGN): 10.95+2.95 (+36.87%)