AllMarket Summary
logoArgusFebruary 01, 2021

Market Digest: BXP, DOW, FLEX, HON, MCD, NSC, SWX, T, URI, VLO, DOW

Sector(s)
Communication Services, Utilities, Basic Materials, Energy, Technology, Real Estate, Industrials, Consumer Cyclical
Summary

Stocks sold off last week, due in part to frenzied trading in certain corners of the market, along with FOMC commentary that highlighted a slowing recovery. The general public took special note of this week's equity market drama, with Google search interest for 'stock market' at its highest levels since March 2020. Blue-chips fared slightly better than tech stocks during the slide. On Friday, The Dow Jones Industrial Average fell 621 points, or 2.03%. The S&P 500 was down 1.93% and the Nasdaq Composite was down 2.00%. For the week, the DJIA fell 3.27%, the S&P 500 dropped 3.31%, and the Nasdaq Composite sunk 3.49%.

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