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  • subsiding inflation worry sparked a robust rebound in mega cap tech stocks Thursday that propelled the NASDAQ sharply higher and drove the Dow and S and P 500 to record highs.

  • Investors also got more encouraging signs about the U S economic recovery.

  • Americans filed fewer weekly jobless claims than expected, and President Joe Biden signed his massive stimulus bill into law.

  • The NASDAQ was the outperformer, rising 2.5% the S and P 500 added 1% and the Dow rose for the fourth straight session, adding more than a half percent.

  • While Tech was in the vanguard, the rotation into value stocks continued, led by gains in material and industrial stocks.

  • National Securities Chief Market strategist Art Hogan This rotation into cyclicals into value has been happening for months, and today is a great example of Maybe it's got a touch too far.

  • So, you know, I think Magic and Technology is playing a little Ketchup Coupons debuted with a bank jumping 41%.

  • The South Korean e commerce company, backed by Softbank, raised around $4.6 billion in the year's biggest US IPO.

  • Softbank shares also rose.

  • Shares of two companies that foresee pent up demand gained ground.

  • Bumble rose 11% after the dating.

  • Apps.

  • Quarterly revenue rose more than expected.

  • It expects higher demand from people who had avoided dating in person due to the health crisis, and AMC Entertainment shares rose 4%.

  • The cinema operator says the vaccine rollout and major movie releases will boost sales this year.

subsiding inflation worry sparked a robust rebound in mega cap tech stocks Thursday that propelled the NASDAQ sharply higher and drove the Dow and S and P 500 to record highs.

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Dow, S&P rise to record highs

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    林宜悉 posted on 2021/03/12
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