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01Mar2021 Market Close: February 2021 ISM And Markit Manufacturing Surveys Mixed, DOW Closes Sharply Higher +603, Nasdaq +3.0%, Gold Slips 1725, WTI Crude Settles At 60.42

US stocks close higher to kick off March as economic outlook brightens (SPY +2.4%). Iran rejects EU offer to resume nuclear talks with US.
The Market in Perspective
Here are the headlines moving the markets.
Oil Workers Move To Renewable Jobs, But The Pay Is Lower
As thousands of oil and gas jobs disappeared during the oil price and demand crash last year, more and more former oil workers moved to jobs in the clean energy business, but they have also taken a pay cut moving to renewables as the industry still pays lower than oil and gas. During the worst of the 2020 crisis, more than 100,000 jobs were lost in the oil, gas, and chemicals industries in the United States alone. Some of those jobs may never return, Deloitte said in a report in October last year. On the other hand, there is a growing demand for ....

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02Mar2021 Pre-Market Commentary: Futures Spooked After China Says, Very Worried About Bubbles In US, DOW Down 65 Points, Nasdaq Down 0.3%, CoreLogic Home Prices: Appreciation Reaches Double Digits This Month

The US Supreme Court on Tuesday will hear arguments in two Republican-backed vote integrity laws in an Arizona case which could affect how the nation s lower courts resolve election disputes over ballot harvesting and casting ballots in the wrong precincts.
The case, for which virtual oral arguments will begin on Tuesday, will be a test of the Voting Rights Act - which the Supreme Court significantly pared back in 2013, according to NBC News.
Two Arizona laws are at issue in the virtual oral arguments before the justices. One requires election officials to reject ballots cast in the wrong precincts. The other concerns voting by mail and provides that only the voter, a family member or a caregiver can collect and deliver a completed ballot. -NBC News ....

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