Company / Analytics

Analytics, 27 February 2021

Week 8 in Brief

Stocks closed lower Friday, with the major indices – the Dow, Nasdaq, and S&P 500 – posting weekly losses as fears of higher interest rates and inflation deepened.

A sudden acceleration of the Treasury market selloff on Thursday sent yields, which move in the opposite direction of bond prices, up sharply, triggering a stock market swoon that slammed highflying tech-related stocks particularly hard.

How did the major indices perform?

What drove the market?

Which stocks were in focus Friday?

How did the European markets perform?

How did Asian markets perform?

Asian markets finished sharply lower on Friday with shares in Japan leading the region. The Nikkei 225 is down 3.99% while Hong Kong’s Hang Seng is off 3.43% and China’s Shanghai Composite is lower by 2.12%.

Commodities and other assets

Oil futures retreated after touching a 22-month high a day ago, with the U.S. oil for April delivery off 31 cents, or 0.5%, to settle at $63.53 a barrel. Meanwhile, gold futures fell by $22.50, or nearly 1.3%, to settle at $1,775.40 an ounce, as the climb in yields continues to dog bullion buyers.


Next Week

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