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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.
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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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