AllMarket Update
logoArgusMarch 01, 2021

Market Update: PEAK, MRO, OXY, NGG

Sector(s)
Utilities, Energy, Real Estate
Summary

Stocks soared on Monday morning amid retreating bond yields, progress on the administration's stimulus plan, and vaccine optimism. Over the weekend, the FDA authorized Johnson & Johnson's one-shot COVID vaccine for emergency use, with the company planning to deliver 20 million doses by the end of March. The Dow rose 2.1%, the S&P 2.1%, and the Nasdaq 2.2%. Crude oil traded near $61.50 per barrel, while gold rose $10 to $1739 per ounce.

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