Stocks Drop for Second Day; Treasuries Advance: Markets Wrap
Bloomberg 2/10/2021 Claire Ballentine and Olivia Raimonde
(Bloomberg) U.S. stocks notched a second straight small decline after reaching a record, as investors assessed what the latest inflation reading means for aid prospects.
The S&P 500 Index ended and up-and-down session lower by less than 0.1%. The Dow Jones Industrial Average posted a gain, while the Nasdaq 100 retreated. The 10-year Treasury yield fell back below 1.15% after the core consumer price index was unchanged last month.
The CPI data are part of an intensifying debate in financial markets over the course of inflation. Despite the muted January figure, investors continue to worry that price pressures are set to increase in the months ahead as Congress passes an aid bill and more vaccinations spur consumer spending.Twitter Inc. climbed after reporting a jump in revenue. Lyft Inc. rallied as the co-founder said the ride-hailing compan
DJIA and Other Wall Street Indices Remain Calm as Intel Leads Gains
Jan 14 2021 · 11:50 UTC | Updated
Jan 14 2021 · 11:52 by Bhushan Akolkar · 2 min read
Photo: Depositphotos
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Investors have been waiting on the sidelines with the impeachment developments of President Donald Trump as well as on the hope of the next stimulus package announcement by upcoming President Joe Biden.
On Wednesday, January 13, the S&P 500 – the benchmark index of Wall Street – closed slightly higher as tech giant Intel Corporation (NASDAQ: INTC) provided a major boost. The defensive sectors like utilities and real estate were leading gains as investors waited on the sidelines for another round of fiscal stimulus. The Wall Street indices, including DJIA, remain flat. The S&P 500 (INDEXSP: .INX) ended Wednesday’s session 0.23% up at 3809.84. The Dow Jones Industrial Average (INDEXDJX: .DJI) was marginally down 0.03% ending the session at 31,06