AllMarket Summary
logoArgusMarch 03, 2021

Market Digest: DPZ, FL, HSC, ITRI, PGR, RSG, ZM

Communication Services, Financial Services, Technology, Industrials, Consumer Cyclical

Blue Chips finished the 2/26/2021 week with more selling, although the hardest-hit part of the market (Nasdaq growth stocks) staged a feeble rebound on Friday. The market is not in freefall, but the S&P 500 is down 3.2% from its all-time high of 3,935 reached on 2/12/21. Pullbacks and corrections are commonplace, but this one feels different because of the trend in long rates. Still, investors always say 'this one feels different' until it's forgotten in the next pullback.

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