A better-than-expected jobs report boosted investor sentiment
| 3/05/2021 | | Have you seen our volatility scorecard? Sign up by clicking here! | Dow Pivots Higher for Frenetic Finish, Nasdaq Ends Week Lower | By: Jake Scott | After a tumultuous session, stocks surged in wild fashion as rising bond yields pulled back slightly. Tailwinds also came from a better-than-expected jobs report, which gave investors hope that the economic reopening would be faster than previously thought. As a result, the Dow jumped 572 points, after trading 150 points lower earlier in the day. The S&P 500 and Nasdaq both finished the session higher as well, although the latter turned in a weekly loss and remains negative on the year. All three benchmarks snapped three-day losing streaks. Elsewhere, Wall Street's "fear gauge," the Cboe Volatility Index (VIX), snapped its three-day win streak. Continue reading for more on today's market, including: - These four cannabis stocks made headlines this week.
- Will Starbucks stock continue to buck the broader-market's plunge?
- Plus, AVGO getting analyst attention; bears ravaged Costco stock; and the computer company Goldman Sachs loves.
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