Martes 02/03/21 Vebras de autos

[admin]

https://www.bvl.com.pe/

[admin]

Stocks Edge Lower After Monday’s Rally
The major stock indexes are declining after the S&P 500 logged its biggest advance in nearly nine months

By Updated March 2, 2021 9:54 am ET
Listen to this article

4 minutes

This feature is powered by text-to-speech technology. Want to see it on more articles?
Give your feedback below or email audiofeedback@wsj.com.
U.S. stocks edged lower Tuesday, pausing after Monday’s blockbuster rally as investors continued to digest volatility in both shares and bonds.

The S&P 500 lost 0.2% shortly after the opening bell, pulling back after it surged 2.4% Monday to log its best day since June. The Dow Jones Industrial Average traded essentially flat. Meanwhile, the tech-heavy Nasdaq Composite lost 0.4%.

Investors say their focus is squarely on central bank officials for cues on how monetary policy may shift down the road. That will determine their appetite for government bonds and for inflation-adjusted returns. A flood of easy money by the Federal Reserve since the pandemic hit last spring has helped subdue returns on bonds and fueled a rally in stock markets for much of the past year.

This phenomenon seemed to halt in recent weeks: money managers adjusted their portfolios in anticipation of an economic rebound and a potential increase in inflation, prompting a selloff in government bonds. Yields jumped last week as bond prices fell, leading to jitters in stocks. Bond markets have since stabilized, and stocks surged higher Monday.

“We’re just taking a breather after yesterday,” said Fahad Kamal, chief investment officer at Kleinwort Hambros.

“The state of the bond market is driving everything,” he added. “The central banks continue to be the real pivot in markets right now: as long as they continue to buy enormous amounts of bonds in the market, the upside move [in yields] is capped.”

The yield on the 10-year U.S. Treasury bonds ticked down to 1.433%, from 1.444% on Monday. Still, that is sharply higher from this year’s closing low on Jan. 4 of 0.915%.

The recent volatility in markets “shows how hostage we are to policy remaining exactly where it is,” said Georgina Taylor, a multiasset fund manager at Invesco. “There is no real room for policy tightening to take hold: we still need that to be supportive of the economic recovery.”

Investors will be assessing comments by Federal Reserve Gov. Lael Brainard at an event starting at 1 p.m. ET for fresh cues on how the central bank views the moves in bond markets and prospects for higher inflation. On Monday, she didn’t address the issues when she spoke at another event. Fed officials have so far suggested the climb in yields reflects expectations for an economic recovery.

“We think that the coming days and weeks will likely be pivotal,” and could see central banks taking steps beyond their verbal interventions, said Peter Schaffrik, a global macro strategist at RBC Capital Markets.

Shortly after the opening bell, Zoom Video Communications jumped 4.5% after it reported a surge in revenue and said it expects continued rapid growth in 2021. Payments company Square climbed 3.8% after it said its industrial bank has begun operating.

Overseas, the pan-continental Stoxx Europe 600 added 0.6%.

[admin]

https://www.wsj.com/articles/biden-to-a ... 84?mod=mhp

[admin]

https://gestion.pe/economia/mercados/sn ... o-noticia/

[admin]

https://gestion.pe/peru/por-ahora-el-se ... c-noticia/

[admin]

CHG %CHG
DJIA 31504.65 -30.86 -0.10
S&P 500 3889.14 -12.68 -0.32
Nasdaq Composite 13447.22 -141.61 -1.04
Japan: Nikkei 225 29408.17 -255.33 -0.86
UK: FTSE 100 6613.75 25.22 0.38
Crude Oil Futures 60.56 -0.08 -0.13
Gold Futures 1735.70 12.70 0.74
Yen 106.73 -0.03 -0.02
Euro 1.2084 0

[admin]

LAST CHG %CHG
DJIA 31490.61 -44.90 -0.14
S&P 500 3887.29 -14.53 -0.37
Nasdaq Composite 13431.33 -157.50 -1.16
Japan: Nikkei 225 29408.17 -255.33 -0.86
UK: FTSE 100 6613.75 25.22 0.38
Crude Oil Futures 59.66 -0.98 -1.62
Gold Futures 1733.40 10.40 0.60
Yen 106.74 -0.02 -0.02
Euro 1.2094

[admin]

Stocks pull back after big rally, Dow closes more than 100 points lower
PUBLISHED MON, MAR 1 20216:02 PM ESTUPDATED TUE, MAR 2 20214:00 PM EST
Yun Li
@YUNLI626
Thomas Franck
@TOMWFRANCK
WATCH NOW
VIDEO04:04
Stocks open flat following Monday’s rally
U.S. stocks fell on Tuesday led by technology names, as the market gave back some of the strong gains from the previous session.

The S&P 500 slid 0.6% after the broad equity benchmark rallied more than 2% Monday for its best day since June. The Dow Jones Industrial Average dipped 30 points, and the tech-heavy Nasdaq Composite dipped 0.8% as Apple and Microsoft fell about 1% each.


Tech and real estate were the two worst-performing sectors, falling more than 1% each. Slight gains in materials and consumer staples provided the broader market with some cushion.

“Markets may be trapped in a tug-of-war between what they expect to happen and pandemic-fueled insecurities which are compounded by other, harder to quantify, market impulse,” Chris Hussey, a managing director at Goldman Sachs, said in a note. “On days like today, with no news and little macro to help investors keep the faith, we see ‘what ifs’ emerge — sideways trading, across all sectors, coupled by a pull back in rates.”

The 10-year Treasury yield, a point of focus lately for equity investors, dipped to 1.41%. The benchmark rate appeared to be stabilizing this week after surging to a high of 1.6% last week, which eased some of the fears about higher borrowing costs and inflation.

Still, some investors believe it’s inevitable that yields will trend higher this year amid an economic recovery and potentially more fiscal stimulus, which could shrink stock multiples.

“10yr yields aren’t (yet) at the level where investors are wholesale selling out of stocks, but the recent increase has brought the PE expansion process to an end,” Adam Crisafulli, founder of Vital Knowledge, said in a note.

Meanwhile, others think the jump in yields reflect improving economic growth and rising earnings forecasts and stocks should be able to absorb higher interest rates in the long run if it rises at a reasonable pace.

President Joe Biden said Tuesday that Merck will help make Johnson & Johnson’s single shot Covid vaccine as the country tries to ramp up supply.

Economically sensitive cyclical sectors continued to outperform the broader market amid optimism about vaccines and economic resurgence. Energy and financials have risen 28% and 12%, respectively, year to date.

U.S. equities began March on a strong note on Monday with the S&P 500 up 2.4%, the Dow Jones Industrial Average adding nearly 2% and the tech-heavy Nasdaq jumping just over 3% after shedding 4.9% last week. Both the Dow and the Nasdaq clinched their best trading day since November as yields

Shares of Target reversed early gains to trade more than 4% lower despite the company reporting booming sales. The retailer declined to provide a forecast for 2021.

Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world

[admin]

AST CHG %CHG
DJIA 31390.47 -145.04 -0.46
S&P 500 3870.36 -31.46 -0.81
Nasdaq Composite 13358.79 -230.04 -1.69
Japan: Nikkei 225 29408.17 -255.33 -0.86
UK: FTSE 100 6613.75 25.22 0.38
Crude Oil Futures 59.63 -1.01 -1.67
Gold Futures 1733.40 10.40 0.60
Yen 106.75 -0.01 -0.01
Euro 1.2090 0

[admin]

LAST CHG %CHG
DJIA 31426.88 35.36 0.11
S&P 500 3867.06 -3.23 -0.08
Nasdaq Composite 13368.04 9.25 0.07
Japan: Nikkei 225 29559.10 150.93 0.51
UK: FTSE 100 6638.32 24.57 0.37
Crude Oil Futures 60.88 1.13 1.89
Gold Futures 1710.70 -22.90 -1.32
Yen 106.99

[admin]

LAST CHG %CHG
DJIA 31479.97 88.45 0.28
S&P 500 3863.46 -6.83 -0.18
Nasdaq Composite 13274.83 -83.96 -0.63
Japan: Nikkei 225 29559.10 150.93 0.51
UK: FTSE 100 6634.80 21.05 0.32
Crude Oil Futures 60.78 1.03 1.72
Gold Futures 1709.80 -23.80 -1.37
Yen 107.07 0.38 0.36
Euro 1.2058

[admin]

https://www.bvl.com.pe/