7 of Last Week's Biggest Cannabis Moves

Big Tech was revived as bond yields retreated

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Schaeffer's Market Recap
3/22/2021
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Stocks Log Big Wins as Big Tech Roars to Life


By: Jake Scott

Stocks kicked off the week with a win, and leading the charge was the previously battered tech sector. High-profile giants such as Tesla (TSLA), Microsoft (MSFT), and Apple (AAPL) soared after the 10-year Treasury yield tumbled to 1.68%, which helped qualm fears about valuations. Sentiment was also boosted by the accelerated pace of vaccine programs in the U.S., and AstraZeneca's (AZN) encouraging trial results for its Covid-19 vaccine.

As a result, the Dow jumped 103 points, while the S&P 500 and the Nasdaq notched modest gains as well. Elsewhere, Wall Street's "fear gauge," the Cboe Volatility Index (VIX), fell to an annual low for its ninth loss in 10 sessions. 

Continue reading for more on today's market, including:

  • Catch up on the biggest moves from cannabis stocks.
  • Draftkings stock soared to new highs after an analyst note.
  • Plus, what's left for one real estate stock; more on JetBlue's convertible debt deal; and why options traders blasted PEP.
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