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US equity markets rallied to cap a see-saw week for the stock market, with all three benchmark indices logging gains of over >1% – Dow rallied +453-points or +1.39% to 33,072.88, jumping more than >150-points in the final 8 minutes of the session. Boeing Co rose +% as the planemaker plans to resume delivery of its 787 Dreamliners this week The broader S&P500 +1.66% to a record closing high of 3,974.54 and extending its 2021 gains to 5.8%. Energy (up +2.62%), Information Technology (+2.54%), Materials (+2.49%) and Real Estate (+2.47%) all gained over >2% to lead ten of the eleven primary sectors higher. Communication Services (down -0.34%) was the only primary sector to close in the red. L Brands Inc rose +3.65% after the retailer raised its profit outlook for the first quarter, citing a boost from government stimulus and from loosened COVID-related restrictions. The Nasdaq rose +1.24%, erasing an earlier decline of -0.8. The small capitalisation Russell 2000 index gained +1.76%. The Russell 1000 value index, which includes energy, banks and industrial stocks, has gained more than 10% this year, outperforming its counterpart the Russell 1000 growth index, which is just above break-even for the year.
US equity markets rallied to cap a see-saw week for the stock market, with all three benchmark indices logging gains of over >1% – Dow rallied +453-points or +1.39% to 33,072.88, jumping more than >150-points in the final 8 minutes of the session. Boeing Co rose +% as the planemaker plans to resume delivery of its 787 Dreamliners this week The broader S&P500 +1.66% to a record closing high of 3,974.54 and extending its 2021 gains to 5.8%. Energy (up +2.62%), Information Technology (+2.54%), Materials (+2.49%) and Real Estate (+2.47%) all gained over >2% to lead ten of the eleven primary sectors higher. Communication Services (down -0.34%) was the only primary sector to close in the red. L Brands Inc rose +3.65% after the retailer raised its profit outlook for the first quarter, citing a boost from government stimulus and from loosened COVID-related restrictions. The Nasdaq rose +1.24%, erasing an earlier decline of -0.8. The small capitalisation Russell 2000 index gained +1.76%. The Russell 1000 value index, which includes energy, banks and industrial stocks, has gained more than 10% this year, outperforming its counterpart the Russell 1000 growth index, which is just above break-even for the year. read more read less

2 years ago #allords, #asx, #ausbiz, #ftse100, #markets, #s&p500