AllMarket Update
logoArgusFebruary 02, 2021

Market Update: BX, JNPR, MO, PKG, SWK, ANTM

Financial Services, Technology, Healthcare, Consumer Defensive, Industrials, Consumer Cyclical

Stocks rallied strongly on Tuesday morning on signs that the Biden administration and Congressional Democrats would move forward quickly on their $1.9 trillion stimulus plan, rather than opt for a smaller plan like that proposed by Republican senators. On the earnings front, UPS shares rose after the company posted stronger-than-expected 4Q results. Investors also looked ahead to earnings from Alphabet and Amazon after the close. The Dow rose 2.0%, the S&P 1.7%, and the Nasdaq 1.4%. Crude oil traded near $55 per barrel, while gold fell $22 to $1840 per ounce.

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