Thursday, 11 February 2021: US equity markets lower after a choppy session.

Feb 10, 2021 · 6m 27s
Thursday, 11 February 2021: US equity markets lower after a choppy session.
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US equity markets lower after a choppy session - Dow added +62-points or +0.20% to 31,437.80 and a fresh record closing high, recovering from an earlier decline of as much...

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US equity markets lower after a choppy session - Dow added +62-points or +0.20% to 31,437.80 and a fresh record closing high, recovering from an earlier decline of as much as -150-points. The broader S&P500 dipped 0.03%. Energy (up +1.84%) returned to the top of the primary sector leaderboard, while Consumer Discretionary (down -0.94%) was the worst performer. Oracle Corp (down -0.63%) and Walmart Inc (-1.17%) closed lower following a report that a planned forced sale of TikTok’s American operations to a group that includes the two companies had been shelved indefinitely. The Nasdaq lost -0.25% after logging record closing highs for each of the previous four trading sessions, with Amazon.com Inc (down -0.56%), Microsoft Corp (-0.39%) and Apple Inc (-0.46%). However, Twitter Inc soared +13.2% after the social-media platform delivered its second-ever US$1B quarter after the close of the previous session. All three benchmark indices touched fresh record intra-day highs during the session. The small capitalisation Russell 2000 index lost -0.72%, also retreating from record highs.
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Author Morgans Financial Limited
Organization Morgans Financial Limited
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