AllMarket Update
logoArgusMarch 08, 2021

Market Update: KR, LNT, NJR, WWW, AVGO

Utilities, Technology, Consumer Defensive, Consumer Cyclical

Stocks rose again on Monday morning, adding to Friday's gains, despite further increases in Treasury yields. Treasury Secretary Janet Yellen said that the passage of the administration's $1.9 trillion coronavirus relief package over the weekend would enable Americans to 'get to the other side of the pandemic' and help to drive a 'very strong' economic recovery. The Dow rose 1.2%, the S&P 0.9%, and the Nasdaq 0.6%. Crude oil traded near $65.50 per barrel, while gold fell $12 to $1687 per ounce.

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