Global Market Square

The global and U.S. stock markets closed with mixed results; the exception was the Dow Jones, which rose slightly. Corporations continue to deliver better than expected earnings,while the Covid-19 trends continue to improve.

On the economic front, the U.S. Consumer Price Index rose to 261.58, up from 260.47 last month, a 0.43% change.  The notable increase was higher gasoline prices, at 1.4% higher than last year, but still below the 2.2% pre-pandemic average in 2019.

The debate in Congress continues over President Joe Biden’s $1.9 trillion stimulus bazooka.  The spending bill’s size has prompted Wall Street analysts to lift their forecasts for U.S. economic growth.

Wall Street summary for February 10, 2021:

• The Dow Jones Industrial Average closed at 31,437.80, up 61.97 points, or 0.56%.
• The Standard & Poor’s 500 closed at 3,909.88, down 1.35 points, or 0.03%.
• The Nasdaq Composite Index closed at 13,972.53, down 35.16 points, or 0.25%.
• The Birling Capital Puerto Rico Stock Index closed at 2,156.24, up 12.03 points, or 0.56%.
• The U.S. Treasury 10-year note closed at 1.15%
• The U.S. Treasury 2-year note closed at 0.11%

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