[Stock Research] Attention Again Follows the Stock on Day
The overseas New York stock market over the weekend was mixed.
U.S. bond yields, which had surged recently, declined.
The Nasdaq Composite rose.
Growth stocks outperformed value stocks, which are said to benefit most from the economic reopening.
Although the 19th was a quadruple witching day with settlements for options and futures, trading was relatively calm.
The Philadelphia Semiconductor Index (SOX) extended its gains.
Gold futures on the COMEX advanced, looking at the steadiness of longer-term U.S. interest rates.
Crude oil futures on the NYMEX firmed for the sixth straight trading day, supported by bargain buying after the previous day’s sharp decline.
Total trading volume across the three markets (NYSE, MKT, Nasdaq) was about 16.5 billion shares, versus the 20-day moving average of about 14.4 billion shares.
On a weekly basis, the Dow fell 0.5% for its first drop in three weeks, the Nasdaq Composite fell 0.8% for its first drop in two weeks, and the S&P 500 declined 0.8% for its first drop in three weeks, ending the week lower.
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