Wednesday, 17 February 2021: US equity markets struggled for direction after resuming trading following the Presidents Day long weekend.
Feb 16, 2021 ·
4m 17s
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Description
US equity markets struggled for direction after resuming trading following the Presidents Day long weekend, with traders also eyeing the latest climb in long bond yields - Dow added +64-points...
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US equity markets struggled for direction after resuming trading following the Presidents Day long weekend, with traders also eyeing the latest climb in long bond yields - Dow added +64-points or +0.20% to carve out another record closing high (31,522.22). The broader S&P500 dipped -0.06%, with yield sensitive Utilities (down -1.14%), Real Estate (-1.07%) and Health Care (-1.02%) all down over >1%. Energy (up +2.26%) was once again atop the primary sector leaderboard, while Financials also traded strongly (+1.77%). The Nasdaq fell -0.34%. The small capitalisation Russell 2000 index fell -0.72%.
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Information
| Author | Morgans Financial Limited |
| Organization | Morgans Financial Limited |
| Website | - |
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