S&P 500 Has Best Day Since June; Treasuries Drop: Markets Wrap
Bloomberg 3/1/2021 Rita Nazareth and Vildana Hajric
(Bloomberg) Stocks climbed as confidence returned to markets, with investors shaking off concern about the impacts of higher Treasury yields.
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In a broad-based rally, the S&P 500 notched its biggest advance in almost nine months, the Nasdaq Composite jumped 3% while the Russell 2000 of small caps outperformed. GameStop Corp. added to last week’s surge of over 150%, with retail investors promoting the stock on social-media platforms such as Reddit and StockTwits. After the close of regular trading, Zoom Video Communications Inc. soared as its revenue forecast topped Wall Street’s estimates.
S&P 500 Has Best Day Since June; Treasuries Drop: Markets Wrap
Bloomberg 3/1/2021 Rita Nazareth and Vildana Hajric
(Bloomberg) Stocks climbed as confidence returned to markets, with investors shaking off concern about the impacts of higher Treasury yields.
Popular Searches
In a broad-based rally, the S&P 500 notched its biggest advance in almost nine months, the Nasdaq Composite jumped 3% while the Russell 2000 of small caps outperformed. GameStop Corp. added to last week’s surge of over 150%, with retail investors promoting the stock on social-media platforms such as Reddit and StockTwits. After the close of regular trading, Zoom Video Communications Inc. soared as its revenue forecast topped Wall Street’s estimates.