Saturday, February 27, 2021

Global Market Square

By on February 16, 2021

The U.S. stock market opened the shortened holiday week ending with mixed results Tuesday, while international markets were diverse, with Asian markets closing with gains and European markets recording losses.

As the market continues to trade near record levels, most investors express increased optimism from the rollout of the COVID-19 vaccine, its impact on economic recovery, and the increasing possibility of the $1.9 trillion stimulus bazooka from the federal government. 

This week, our focus will be on the public companies’ earnings, initial claims for unemployment to determine the direction of the recovery of the jobs market, and finally, the retail sales report will allow us to see how the sector is recovering from the pandemic. 

Wall Street summary for February 16, 2021:

  • Dow Jones Industrial Average closed at 31,522.75, up 64.35 points, or 0.2%.
  • Standard & Poor’s 500 closed at 3,932.59, down 2.24 points, or 0.06%.
  • Nasdaq Composite Index closed at 14,047.50, down 47.97 points, or 0.34%.
  • Birling Capital Puerto Rico Stock Index closed at 2,152.75, up 10.50 points, or 0.49%.
  • U.S. Treasury 10-year note closed at 1.30%
  • U.S. Treasury 2-year note closed at 0.13%