AllMarket Update
logoArgusFebruary 23, 2021

Market Update: BTI, AAP, DHI, EAT, GPC, GT, HLF, SILK

Sector(s)
Healthcare, Consumer Defensive, Consumer Cyclical
Summary

Stocks continued to fall on Tuesday morning, led by the Technology and Consumer Discretionary sectors, as investors weighed congressional testimony from Fed Chair Jerome Powell. In remarks prepared for the Senate Banking Committee, Mr. Powell noted that the outlook for the economy was still 'extraordinarily uncertain,' despite the impact of vaccines, and that the U.S. was still 'a long way from our employment and inflation goals.' The Dow fell 0.2%, the S&P 0.5%, and the Nasdaq 1.6%. Crude oil traded near $61.50 per barrel, while gold fell $4 to $1804 per ounce.

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