Stocks Kick Off March with Much-Needed Wins

The 10-year Treasury yield retreated from recent highs

Deputy Editor
Mar 1, 2021 at 4:30 PM
facebook X logo linkedin


Stocks started off March on the right foot, notching outsized wins as Wall Street cheered vaccine optimism and a tech sector recovery. The Dow popped 603 points for its biggest one-day gain since Nov. 9, while the S&P 500 logged its best single-session tally since April 6. The Nasdaq scored its biggest win since Nov. 3, boosted by the likes of Apple (AAPL) and Tesla (TSLA). Elsewhere, the 10-year Treasury yield dipped to 1.4% -- down from Thursday's high of 1.6% -- easing investor tension about the rapid rise in rates.

Continue reading for more on today's market, including:

  • Despite its recent losing streak, STMP still has a lot to offer.
  • Could more highs be in store for this major online dating player?
  • Plus, analysts buzzing on Boston Beer stock; Citigroup makes history; and PLUG upgraded.

The Dow Jones Industrial Average (DJI - 31,535.51) rose 603.1 points, or 2% for the day. Boeing (BA) led the Dow components with a 5.8% rise, while Merck (MRK) paced the two laggards, falling 0.3%.

Meanwhile, the S&P 500 Index (SPX - 3,901.82) added 90.7 points, or 2.4% for the day. The Nasdaq Composite (IXIC - 13,588.83) gained 396.5 points, or 3% for the day.

Lastly, the Cboe Volatility Index (VIX - 23.35) fell 4.6 points, or 16.5% for the day.

closing summary 0301

nyse nasdaq 0301

  1. Federal appeals court Judge Merrick Garland will have his nomination for attorney general advanced to the full Senate, and is expected to be confirmed as the head of the Department of Justice. (CNBC)
  2. Biden's picks to lead the Securities and Exchange Commission (SEC) and Consumer Financial Protection Bureau (CFPB) will participate in confirmation hearings, as well. (MarketWatch)
  3. Analysts are hopped up on this beer stock.
  4. A CEO shift has everyone excited about Citigroup stock.
  5. Plug Power stock surged following an upgrade.

There were no earnings of note today.

UVOL0301

Oil Retreats from Early Session Gains, Gold Snaps Losing Streak

Oil prices pulled back from earlier gains Monday, as fears surrounding the slowing of Chinese oil crude consumption weighed on investors and overshadowed the optimism surrounding vaccine and U.S. economic stimulus updates. As a result, April-dated crude fell 86 cents, or 1.4%, to settle at $60.64 per barrel.

Gold prices pulled back as well, notching their fifth-consecutive loss. A stronger U.S. dollar dragged the yellow metal down, as did a healthier risk appetite amongst traders, even as U.S. Treasury yields retreated. In response, April-dated gold fell $5.80, or 0.3%, to settle at $1,723.00 an ounce.

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI