AllMarket Update
logoArgusFebruary 19, 2021

Market Update: NLY, AMAT, EQIX, HOLX, PRU, WMT, ZTS, HLT, ANET

Sector(s)
Financial Services, Technology, Real Estate, Healthcare, Consumer Defensive, Consumer Cyclical
Summary

Stocks rose on Friday morning amid strong earnings reports from Deere and Applied Materials and new housing market data. The National Association of Realtors said that U.S. existing home sales rose 0.6% to an annualized 6.69 million units in January, above the Reuters consensus forecast of 6.61 million. The inventory of previously owned homes available for sale also fell to a record low of 1.04 million last month, down nearly 26% from the prior year. The Dow rose 0.4%, the S&P 0.4%, and the Nasdaq 0.8%. Crude oil traded near $59.50 per barrel, while gold rose $10 to $1785 per ounce.

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