Markets
Here are today’s market moves:
S&P 500 up 0.52% to 3,909.52
Dow Jones up 0.62% to 32,619.48
Nasdaq up 0.12% to 12,977.68
Gold: $1,727
Bitcoin: $51,800
US10Y: 1.635%
Oil: $58.54
What Happened?
Stock indexes turned higher on Thursday as new filings for unemployment benefits fell sharply last week and vaccination efforts accelerate.
The number of Americans applying for first-time unemployment benefits dropped to 684,000, a decrease of 100,000 from the previous week.
President Biden declared a goal of getting 200 million Americans vaccinated by the end of his first 100 days in office.
Some investors believe the drop in stocks recently is just a temporary pullback after a massive rally in the past year.
What Else?
I think a lot of the younger people who got into the market are growing very disillusioned. For the longest time stocks only went up. That's over. I don't blame those who are disillusioned. It's tough when you learn how bad some markets can be.