Monday, 22 March 2021: US equity markets mixed amid a reversal of a recent trend that has seen value stocks outperform growth stocks

Mar 21, 2021 · 6m 51s
Monday, 22 March 2021: US equity markets mixed amid a reversal of a recent trend that has seen value stocks outperform growth stocks
Description

US equity markets mixed amid a reversal of a recent trend that has seen value stocks outperform growth stocks, with Treasury yields taking a breather from their recent climb –...

show more
US equity markets mixed amid a reversal of a recent trend that has seen value stocks outperform growth stocks, with Treasury yields taking a breather from their recent climb – Dow down -234-points or -0.71% Goldman Sachs Group Inc (down -1.09%) and JPMorgan Chase & Co (-1.59%) both fell after the Federal Reserve declined to extend pandemic-related regulatory relief for major US banks. Visa Inc dropped -6.24% after a report said the Justice Department has opened an investigation into its debit card business and possible anticompetitive practices. The broader S&P500 dipped -0.06%. Communication Services and Consumer Discretionary both advanced +0.80% to lead six of the eleven primary sectors higher. Real Estate (down -1.26%) and Financials (-1.2%) both declined over >1% to be the worst performing sector. FedEx Corporation rallied +6.1% after the economic bellwether’s fiscal third quarter numbers released after the closing bell of the previous session topped consensus expectations. The technology-centric Nasdaq gained +0.76% . Facebook Inc gained +4.12% after Chief Executive Mark Zuckerberg said Apple Inc’s (down -0.45%) imminent privacy policy changes on ad sales would leave the social network in a “stronger position.” The small capitalisation Russell 2000 index rose +0.88%.
show less
Information
Author Morgans Financial Limited
Organization Morgans Financial Limited
Website -
Tags

Looks like you don't have any active episode

Browse Spreaker Catalogue to discover great new content

Current

Podcast Cover

Looks like you don't have any episodes in your queue

Browse Spreaker Catalogue to discover great new content

Next Up

Episode Cover Episode Cover

It's so quiet here...

Time to discover new episodes!

Discover
Your Library
Search