{"id":209797,"date":"2021-03-24T17:23:00","date_gmt":"2021-03-24T14:23:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/dow-trades-higher-after-worst-day-in-3-weeks\/"},"modified":"2021-03-24T17:23:00","modified_gmt":"2021-03-24T14:23:00","slug":"dow-trades-higher-after-worst-day-in-3-weeks","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/dow-trades-higher-after-worst-day-in-3-weeks\/","title":{"rendered":"#\n  Dow trades higher after worst day in 3 weeks"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a4150b45e768\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a4150b45e768\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/dow-trades-higher-after-worst-day-in-3-weeks\/#How_are_stock_benchmarks_performing\" >How are stock benchmarks performing?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/dow-trades-higher-after-worst-day-in-3-weeks\/#Whats_driving_the_market\" >What\u2019s driving the market?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/dow-trades-higher-after-worst-day-in-3-weeks\/#Which_stocks_are_in_focus\" >Which stocks are in focus?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/dow-trades-higher-after-worst-day-in-3-weeks\/#How_are_other_assets_trading\" >How are other assets trading?<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/dow-trades-higher-after-worst-day-in-3-weeks\/#Mark_DeCambre\" >Mark DeCambre<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  Dow trades higher after worst day in 3 weeks<br \/>\n<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\">\n<\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000209189\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       U.S. stocks traded higher Wednesday morning as investors continued to monitor rising cases of COVID-19 in Europe and awaited more commentary from Federal Reserve speakers, headlined by a second day of testimony from Chairman Jerome Powell on the health of the economy amid the coronavirus pandemic. <\/p>\n<p> The Dow got a boost from Intel Corp., as the chip maker announced aggressive plans to expand its manufacturing capacity to take back its leadership position in the industry.<\/p>\n<h6><span class=\"ez-toc-section\" id=\"How_are_stock_benchmarks_performing\"><\/span>How are stock benchmarks performing? <span class=\"ez-toc-section-end\"><\/span><\/h6>\n<ul class=\"articleList\">\n<li>\n      The Dow Jones Industrial Average<br \/>\n        DJIA,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598065\/realtime\" class=\"positive\">+0.88%<\/bg-quote><br \/>\n        rose 305 points, or 0.9%, to trade near 32,728.<\/p>\n<\/li>\n<li>\n      The S&amp;P 500 index<br \/>\n        SPX,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210599714\/realtime\" class=\"positive\">+0.65%<\/bg-quote><br \/>\n       climbed 26 points to reach 3,937, a gain of 0.7%. <\/p>\n<\/li>\n<li>\n      The Nasdaq Composite<br \/>\n        COMP,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598365\/realtime\" class=\"positive\">+0.05%<\/bg-quote><br \/>\n       was bouncing between minor gains and losses, near 13,228, after a roller-coaster morning. <\/p>\n<\/li>\n<\/ul>\n<p>On Tuesday, the Dow fell 308.05 points, or 0.9%, to close at 32,423.15, to mark its worst daily loss since March 4, according to FactSet data. The S&amp;P 500 declined 30.07 points, or 0.8%, finishing at 3,910.52, while the Nasdaq Composite Index fell 149.85 points, or 1.1%, to end at 13,227.70.<\/p>\n<div class=\"paywall\">\n<h6><span class=\"ez-toc-section\" id=\"Whats_driving_the_market\"><\/span>What\u2019s driving the market? <span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p> U.S. stocks traded higher midday Wednesday against an uncertain backdrop for COVID-19 in parts of the world. <\/p>\n<p>Europe\u2019s recent struggles with limiting the spread of coronavirus has rattled U.S. markets. The extension of lockdown measures in Germany and the Netherlands, until possibly April, have sparked concerns of a slower economic recovery for the region, even as fresh economic data have provided a bright spot. <\/p>\n<p>Business activity in the eurozone unexpectedly grew in March, a preliminary survey showed. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.markiteconomics.com\/Public\/Home\/PressRelease\/915fc8d4de984846827104fdc49060b7\" class=\"icon none\">IHS Markit\u2019s \u201cflash\u201d composite<\/a> purchasing managers index, bounced to 52.5 this month, compared with 48.8 in February, rising above the 50 mark, which is seen as the dividing line between contraction and growth. <\/p>\n<p>A flare up in the pandemic in the European Union is expected to compel the EU to draft emergency legislation that would allow it to control exports of COVID-19 vaccines,\u00a0according to a report in the New York Times.<\/p>\n<p>Meanwhile, Powell and Treasury Secretary Janet Yellen are testifying before the Senate Banking Committee on Wednesday after offering testimony on the economy in front of the House on Tuesday. <\/p>\n<p>Addressing the market\u2019s most substantial bugaboo, Powell on Tuesday said that a rise in inflation \u201cwill be neither particularly large nor persistent,\u201d and he repeated the central bank\u2019s intention to use all of its tools to keep prices in check if the economy runs hot. <\/p>\n<p>Some equity bulls see a retreat in yields of benchmark U.S. Treasurys as paving a way for stocks to see fresh gains. Worries about the rise in yields have receded recently, with the 10-year Treasury note<br \/>\n        TMUBMUSD10Y,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.000%\" channel=\"\" class=\"\">1.637%<\/bg-quote><br \/>\n       at 1.636%, compared with 1.729% last Friday. <\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p>\u201cI think under the hood at the Fed there\u2019s more concern about inflation than they\u2019re letting on, and I think the bond market is picking up on that,\u201d said Donald Calcagni, chief investment officer with Mercer Advisors. \u201cThe bond market doesn\u2019t need the Fed\u2019s permission to raise rates, as we\u2019ve seen.\u201d<\/p>\n<p>Calcagni thinks there\u2019s a \u201ctug-of-war\u201d in the market between growth and value sectors. \u201cWe\u2019re seeing rockiness now because we\u2019re in the early stages of rotation,\u201d he told MarketWatch. \u201cMomentum takes time to shift and there\u2019s friction as you rotate. Still, as the economy starts to open, value names should be the clear winners.\u201d<\/p>\n<p>In U.S. economic reports, durable-goods orders slid 1.1% in February, marking the first decline in 10 months. Economists surveyed by MarketWatch had forecast a 0.4% increase. <\/p>\n<p>However, overall the U.S. economy grew faster in early March as the weather improved, governments loosened coronavirus restrictions and massive federal stimulus was injected into the economy, a new survey showed. Service-oriented businesses such as restaurants, resorts, airlines and hotels posted the steepest increase in business in almost three years, according to economic research firm IHS Markit. The firm\u2019s \u201cflash\u201d service index climbed to an 80-month high of 60 from 59.8 in February. <\/p>\n<h6><span class=\"ez-toc-section\" id=\"Which_stocks_are_in_focus\"><\/span> Which stocks are in focus? <span class=\"ez-toc-section-end\"><\/span><\/h6>\n<ul class=\"articleList\">\n<li>\n      <strong>Intel\u00a0<\/strong>shares<br \/>\n        INTC,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/203649727\/composite\" class=\"positive\">+0.17%<\/bg-quote><br \/>\n        rose 0.2%, after newly installed Chief Executive Pat Gelsinger laid out an ambitious road map to bounce back from manufacturing problems that surfaced last year.<\/p>\n<\/li>\n<li>\n      <strong>Winnebago Industries Inc.\u00a0<\/strong><br \/>\n        WGO,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210279661\/composite\" class=\"negative\">-3.82%<\/bg-quote><br \/>\n      shares  slipped 1.3% in late morning action Wednesday, after the company reported fiscal second-quarter profit and revenue that trounced expectations, and pointed to \u201cstrong retail momentum\u201d heading into spring.\u00a0<\/p>\n<\/li>\n<li>\n      Shares of <strong><a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">General<\/a> Mills Inc.<\/strong><br \/>\n        GIS,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/206659526\/composite\" class=\"negative\">-5.09%<\/bg-quote><br \/>\n       lost 4.3% Wednesday after the food company reported fiscal third-quarter earnings that missed expectations.\u00a0<\/p>\n<\/li>\n<li>\n      <strong><a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">Game<\/a>Stop Corp. <\/strong>stock<br \/>\n        GME,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/203755179\/composite\" class=\"negative\">-19.59%<\/bg-quote><br \/>\n       lost 22% after the videogame retailer at the center of the so-called meme-stock phenomenon said it had laid the groundwork for its \u201ctransformation,\u201d but dis<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ointed on its recent earnings.<\/p>\n<\/li>\n<li>\n      Shares of <strong>Second Sight Medical Products Inc<\/strong>.<br \/>\n        EYES,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/204709128\/composite\" class=\"negative\">-19.35%<\/bg-quote><br \/>\n       slid 20% after the implantable visual prosthetics company announced a large private placement of common stock.<\/p>\n<\/li>\n<li>\n      <strong>Bank of New York Mellon Corp.<\/strong><br \/>\n        BK,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/200171276\/composite\" class=\"positive\">+2.50%<\/bg-quote><br \/>\n       shares were nearly 3% higher midday as a Bank of America analyst upgraded his view of the stock to a buy with a higher price target. <\/p>\n<\/li>\n<\/ul>\n<h6><span class=\"ez-toc-section\" id=\"How_are_other_assets_trading\"><\/span>How are other assets trading?<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<ul class=\"articleList\">\n<li>\n      The yield on the 10-year U.S. Treasury note<br \/>\n        TMUBMUSD10Y,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.000%\" channel=\"\" class=\"\">1.637%<\/bg-quote><br \/>\n      \u00a0was fractionally higher at 1.639%, but has been down most days this week. Yields and bond prices move in opposite directions.<\/p>\n<\/li>\n<li>\n      The ICE U.S. Dollar Index<br \/>\n        DXY,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598269\/delayed\" class=\"positive\">+0.18%<\/bg-quote><span>,<\/span><br \/>\n      \u00a0a measure of the currency against a basket of six major rivals, was up 0.1%.<\/p>\n<\/li>\n<li>\n      Oil futures\u00a0gained, in part thanks to the cargo ship mishap in the Suez Canal, with the U.S. benchmark<br \/>\n        CL.1,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/211629951\/delayed\" class=\"positive\">+4.76%<\/bg-quote><br \/>\n      \u00a0up 4.6% to trade near $60.41 a barrel on the New York Mercantile Exchange.  <\/p>\n<\/li>\n<li>\n      Gold futures\u00a0rose. The April contract<br \/>\n        GCJ21,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/212606756\/delayed\" class=\"positive\">+0.22%<\/bg-quote><br \/>\n      \u00a0traded 0.2% higher, near $1,728.70 an ounce. <\/p>\n<\/li>\n<li>\n      In Europe, the Stoxx 600 index<br \/>\n        SXXP,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210599654\/delayed\" class=\"positive\">+0.01%<\/bg-quote><br \/>\n      \u00a0slipped fractionally, while London\u2019s FTSE 100<br \/>\n        UKX,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598409\/delayed\" class=\"positive\">+0.18%<\/bg-quote><br \/>\n       was up 0.1%.<\/p>\n<\/li>\n<li>\n      In Asia, the Shanghai Composite<br \/>\n        SHCOMP,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598127\/delayed\" class=\"negative\">-1.30%<\/bg-quote><br \/>\n      \u00a0fell 1.3%, Hong Kong\u2019s Hang Seng Index<br \/>\n        HSI,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598030\/delayed\" class=\"negative\">-2.03%<\/bg-quote><br \/>\n      \u00a0tumbled 2% and Japan\u2019s Nikkei 225<br \/>\n        NIK,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210597971\/delayed\" class=\"negative\">-2.04%<\/bg-quote><br \/>\n       dropped 2%.<\/p>\n<\/li>\n<\/ul>\n<p><strong>Read next:<\/strong> Value stocks are so in favor they\u2019ve become momentum stocks<\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Mark DeCambre\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Mark_DeCambre\"><\/span>Mark DeCambre<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B21005575-02D4-D4B5-4572-D331258EB786%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Dow trades higher after worst day in 3 weeks &#8221; U.S. stocks traded higher Wednesday morning as investors continued to monitor rising cases of COVID-19 in Europe and awaited more commentary from Federal Reserve speakers, headlined by a second day of testimony from Chairman Jerome Powell on the health of the economy amid the&#8230;<\/p>\n","protected":false},"author":1,"featured_media":209798,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-209797","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/209797","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=209797"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/209797\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/209798"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=209797"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=209797"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=209797"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}