Market Week: March 22, 2021
Stocks opened last week higher on encouraging economic and vaccine news. The S&P 500 climbed for the fifth straight session, closing up 0.7%, and the Dow advanced for the seventh session, reaching another record high after gaining 0.5%. Tech stocks rebounded, driving the Nasdaq up 1.1%. The Russell 2000 and the Global Dow each rose 0.3%. Crude oil prices and Treasury yields fell, while the dollar inched up. Utilities led the advancing sectors, climbing 1.4%, consumer discretionary and real estate each rose 1.2%, and information technology jumped 1.1%. Energy (-1.3%) and financials (-0.6%) were the only sectors to lose ground.
