Global Market Square
The U.S. stock market ended Wednesday mixed, with the Dow Jones Industrial Average and the Birling Capital Puerto Rico Stock Index gaining slightly.
The U.S. treasury yields rise to their most significant returns in the past 12 months forced investors to assess most equities’ overall impact.
Another factor impacting investor sentiment was President Joe Biden’s televised town hall meeting, in which he pitched his $1.9 trillion bazooka stimulus plan, which is still pending approval from Congress.
“Now’s the time to go big,” Biden said, in part fueling the rise of U.S. treasurys.
On economic news, several key benchmarks were reported:
- U.S. Retail Sales rose to 5.12%, compared to minus-0.64% last month.
- U.S. Producer Price Index rose to 1.34%, compared to 0.25% last month, and is higher than the long-term average of 0.14%.
- U.S. Business Sales rose to $1.494 trillion, up from $1.483 trillion last month, a 0.77% change from the previous month.
Wall Street summary for February 17, 2021:
- The Dow Jones Industrial Average closed at 31613.02, up 90.27 points, or 0.29%.
- The Standard & Poor’s 500 closed at 3,931.33, down 1.26 points, or 0.03%.
- The Nasdaq Composite Index closed at 13,965.50, down 82 points, or 0.58%.
- The Birling Capital Puerto Rico Stock Index closed at 2,169.05, up 16.3 points, or 0.76%.
- The U.S. Treasury 10-year note closed at 1.29%
- The U.S. Treasury 2-year note closed at 0.11%