Home   Logon   Mobile Site   Research and Commentary   About Us   Call 1.800.621.1675 or Email Us       Follow Us: 

Search by Ticker, Keyword or CUSIP       
 
 
 
Blog Home
Bob Carey
Chief Market Strategist
Click for Bio

Follow Bob on Twitter Follow Bob on LinkedIn View Videos on YouTube
 

  US Stock Markets Ended March 12, 2021
Posted Under: Weekly Market Commentary
Supporting Image for Blog Post

 
Last week, the S&P 500 and NASDAQ Composite indexes took different paths to post positive returns. After a rough patch two weeks ago, technology stocks pushed higher by over 3% with heavyweight Tesla rebounding by over 16% to lead the NASDAQ Composite higher. They S&P 500 traded higher by about 2.7%, but small cap participation in the Tuesday to Thursday rally propelled the Russell 2000 index 7.4% for the week. Market sentiment was high following the historic passing and signing of the $1.9 trillion-dollar Covid relief bill. President Biden signed the bill on Thursday, a day earlier than expected. A clearer path to fully reopening the economy is in sight as U.S. jobless benefits fell by more than consensus while vaccinations accelerated and more states have eased pandemic restrictions. Vaccine distribution is currently at 2.3 million shots per day with a total of over 100 million doses administered and 66 million people receiving at least one shot. The shot velocity is expected to gain significantly with the rollout of Johnson & Johnson's single shot vaccine. Another key to stock market appreciation is a lessened fear of inflation which has investors buying up stocks in the real estate and consumer discretionary sectors. The best performing stock in the S&P 500 came from the worst performing sector as communication services' company ViacomCBS rose 10.3% on Friday and over 28% for the week. The company has had recent success with its slate of programming including a highly watched Oprah interview with Price Harry and Megan Meghan Markle and a share of the upcoming NCAA March Madness tournament. Looking ahead to next week, the FOMC will deliver its rate decision on Wednesday along with a Summary of Economic Projections.
Posted on Monday, March 15, 2021 @ 8:15 AM • Post Link Share: 
Print this post Printer Friendly

These posts were prepared by First Trust Advisors L.P., and reflect the current opinion of the authors. They are based upon sources and data believed to be accurate and reliable. Opinions and forward looking statements expressed are subject to change without notice. This information does not constitute a solicitation or an offer to buy or sell any security.
Search Posts
MARKET ANALYSIS
Market Commentary and Analysis
•Market Commentary Video
•Weekly Market Commentary
•Weekly Market Watch
•Monthly Talking Points
•Quarterly Newsletter
•Market Observations
Subscribe To Receive Email
 


 PREVIOUS POSTS
• US Economy and Credit Markets Ended March 12, 2021
• The Climate For U.S. Crude Oil
• Top-Performing S&P 500 Index Subsectors Since 12/14/20
• US Stock Markets Ended March 5, 2021
• US Economy and Credit Markets Ended March 5, 2021
• How U.S. Stocks Have Fared Over The Past 21 Years
• How Bonds Have Fared Since 8/4/20
• US Stock Markets Ended Feb. 26, 2021
• US Economy and Credit Markets Ended Feb. 26, 2021
• A Snapshot of Growth vs. Value Investing
Archive
Skip Navigation Links.
Search by Topic
Skip Navigation Links.

 
The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
First Trust Portfolios L.P.  Member SIPC and FINRA. (Form CRS)   •  First Trust Advisors L.P. (Form CRS)
Home |  Important Legal Information |  Privacy Policy |  California Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2023 All rights reserved.