Yesterday on the markets Stock prices in the US rose sharply


 

Yesterday on the markets Stock prices in the US rose sharply; with the S&P 500 performing at its best in nearly four months as investors rushed to buy stocks that had been hit by a sharp sell-off the day before. The S&P 500 gained 1.5% and almost offset the 1.6% fall on Monday. The Dow and Nasdaq rose 1.6%. 10 of the 11 sectors of the S&P 500 index rose, led by the industrial (+ 2.8%) and financial sectors (+ 2.5%). The consumer goods sector was an outsider and showed zero dynamics yesterday. Recovery-sensitive small-cap stocks outperformed their larger peers on Tuesday. Russell 2000 is up 3%. Travel stocks were among the best for the day, indicating that many investors have revisited their concerns about the risks posed by the spread of the delta variant of the coronavirus. American Airlines rose 8.4% and Norwegian Cruise Line rose 8.3%.

 

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