AllMarket Summary
logoArgusMarch 01, 2021

Market Digest: RY, AIG, BUD, EFX, MNST, T, STFC, BUD, DELL

Communication Services, Financial Services, Technology, Consumer Defensive, Industrials

The stock market dropped last week, as surging bond yields signaled tighter lending conditions may lie ahead. Tech stocks were the hardest hit and the Nasdaq recorded its worst week since October-though blue chips certainly weren't spared. During Friday's session, the Dow Jones Industrial Average fell 470 points, or 1.50%. The S&P 500 was down 0.48%, and the Nasdaq Composite increased 0.56%. For the week, the DJIA dropped 562 points, or 1.78%, the S&P 500 was down 2.45%, and the Nasdaq Composite was down 4.92%. For the year-to-date, the DJIA is up 1.06%, the S&P 500 is up 1.47%, and the Nasdaq Composite is up 2.36%.

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