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Thursday 4 February 2021: US equity markets settled with modest gains

Thursday 4 February 2021: US equity markets settled with modest gains
Feb 3, 2021 · 5m 28s

US equity markets settled with modest gains - Dow added +36-points or +0.12% . The broader S&P500 rose +0.10%, extending its gains into a third straight session and with the...

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US equity markets settled with modest gains - Dow added +36-points or +0.12% . The broader S&P500 rose +0.10%, extending its gains into a third straight session and with the Energy sector (up +4.27%) the clear outperformer. The Nasdaq dipped -0.02%, relinquishing earlier gains in the final hour of trading despite Google parent Alphabet Inc rallying +7.3% and hitting a record high after posting record profits for a second straight quarter after the closing bell of the previous session. Amazon Inc fell -2% after releasing their fourth quarter result after the close of Tuesday’s (2 February) session and announcing that Amazon Web Services (AWS) Chief Executive Officer (CEO) Andy Jassy will replace founder Jeff Bezos as CEO during the third quarter of this year as the company. The small capitalisation Russell 2000 index added +0.38%.
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Author Morgans Financial Limited
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