Archives of “February 2021” month

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Dow the only positive story today. Closes at a record high

  
Analysis, US Market

S&P, NASDAQ, Russell 2000 all close lower on the day

Looking at the major stock indices, the Dow industrial average is the only one positive. It also closed at a record high level. Other highlights for the day included:

  • The S&P fell for the 2nd day in a row
  • The NASDAQ index snapped a 4 day win streak
  • The Russell 2000 of small-cap stocks was the weakest index.

Although lower, each of the major indices traded to record levels before rotating to the downside. At around 10 AM, there was a reported big seller in tech stocks which sent the indices to the lows for the day before bouncing and then falling again into the close.

A snapshot at the close shows:
  • S&P index fell -1.31 points or -0.031% to 3909.92. . The high price reached 3931.50. The low price extended to 3884.94
  • NASDAQ index fell -35.16 points or -0.25% to 13972.53. The high price reached 14109.11. The low extended to 13845.46
  • Dow industrial average closed higher by 62.57 points or 0.2% at 31,438.40. The high price reached 31511.44. The low price extended to 31221.32
  • Russell index fell -16.51 points or -0.72% at 2282.49

Germany reportedly to extend lockdown until 14 March

  
Analysis, COVID-19

Reuters reports on the matter

The report cites a draft resolution for the meeting between the government and state premiers, and that fits into the timeline as cited by the report from Bild here.

 

For some context, the latest lockdown measures are set to run through to 14 February so the extension is essentially for another month.
Merkel will be meeting with state premiers later today to decide on that.

Nikkei 225 closes higher by 0.19% at 29,562.93

  
Analysis, Global Indices

Asian equities keep up the advance on the week

Nikkei 10-02
The Nikkei posted slight gains after a mostly lackadaisical session, though the Hang Seng is up 1.6% and the Shanghai Composite is up by 1.1% on the day.
The rally in Wall Street met a bit of a pause yesterday but risk sentiment remains somewhat buoyed with S&P 500 futures keeping ~0.4% higher so far today.
As things stand, the Nikkei looks set to eventually breach 30,000 and that argument is bolstered by the continued ETF purchases by the BOJ – despite policymakers coming out to defend that they have “nothing” to do with the jump in stock prices.
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