Mar. 9, 2021
Good evening everyone! Welcome to a new episode of “Stocks Today”, explaining what forces moved the stocks in the U.S. equity market today (Tuesday, March 9, 2021).
All main indexes closed positive today, with the S&P 500 closing up 1.42%, the Dow Jones up 0.01% and the Nasdaq up 3.69%.
Why did the stock market move today?
The yield on the 10-year Treasury went down to 1.538% in Bonds’ sale today. The stabilization in bond prices helped stocks from the tech sector to recover some of their losses as many investors saw the opportunity of buying the dip for several high valued stocks.
Stock of the day
After having dropped almost 30% in the last two weeks, shares in Roku (NASDAQ: ROKU) jumped 10.37% today.
That’s all for this Tuesday’s stock market update. Stay tuned to receive your daily update!