Global Market Square
The U.S. and eurozone markets closed with mixed results, with the Nasdaq Composite rising 1.05%, while the FDA’s Johnson & Johnson cease order will impact the Covid-19 vaccine distribution. The disruption has caused a renewed appreciation for stocks that benefited during the pandemic, increasing gains in most tech stocks and U.S. bonds.
Some of the stocks in our tech stock portfolio showed renewed vigor, and they include:
- Tesla (TSLA) closed at $759.36, up $57.38, or 8.17%.
- Zoom Video (ZM) closed at $342.00, up $20.49, or 6.37%.
- Apple (AAPL) closed at $134.49, up $3.26, or 2.48%.
- Alphabet (GOOG) closed at $2,266.81, up $12.08, or 0.54%.
In the eurozone, the Stoxx 600 share index closed up 0.13%, at 435.80, and London’s FTSE 100 closed 0.2% higher, at 6,890.49
In European economic news:
- The ZEW Indicator of Economic Sentiment is the leading indicator for the German economy. It reflects the expectations in six months of 300 financial experts on inflation rates, interest rates, stock markets, exchange rates, and oil prices leading global economies. The indicator rose to 76.60, versus 71.20 last month, an increase of 7.58%, and up from -49.50 one year ago.
On the U.S. Economy:
- U.S. Consumer Price Index rose to 264.88, versus 263.01 last month, an increase of 0.71% from the previous month.
- U.S. Consumer Price Index rose to 0.62%, versus 0.35% last month, higher than the long-term average of 0.28%.
Wall Street summary for April 13, 2021:
- The Dow Jones Industrial Average closed at 33,677.27, down 68.13 points, or 0.20%.
- The Standard & Poor’s 500 closed at 4,141.59, up 13.60 points, or 0.33%.
- The Nasdaq Composite Index closed at 13,996.10, up 146.10 points, or 1.05%.
- The Birling Capital Puerto Rico Stock Index closed at 2,489.46, up 21.24 points, or 0.86%.
- The U.S. Treasury 10-year note closed at 1.64%
- The U.S. Treasury 2-year note closed at 0.16%.