AllMarket Update
logoArgusApril 22, 2021

Market Update: CMG, CSX, HD, JNJ, TRV, BMI, AA

Financial Services, Basic Materials, Healthcare, Industrials, Consumer Cyclical

Stocks were little changed on Thursday morning following new employment and housing market data. The Labor Department said that first-time claims for state unemployment benefits fell to 547,000 for the week ended April 17, down from 586,000 a week earlier and below the Bloomberg consensus forecast of 610,000. The National Association of Realtors said that existing home sales fell 3.7% to an annualized 6.01 million in March. The reading was the weakest since August 2020 and below the consensus forecast of 6.19 million. The Dow fell 0.2%, the S&P was flat, and the Nasdaq rose 0.2%. Crude oil fell slightly to $61 per barrel, while gold traded near $1787 per ounce.

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