CRWD Earnings Beat Brings Out Bulls

The Nasdaq is down nearly 145 points midday

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Schaeffer's Midday Market Check
3/17/2021
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Tech-Heavy Nasdaq Drops as Bond Yields Rise Once Again


By: Laura McCandless

Stock Futures are mixed midday, while the closely watched 10-year Treasury yield holds at its new annual high of 1.67%. Tech stocks, a consistent adversary to the rising bond yields, are dropping lower, sending the Nasdaq Composite (IXIC) down nearly 145 points at last check. Meanwhile, the S&P 500 Index (SPX) is modestly in the red, while the Dow Jones Industrial Average (DJI), which yesterday snapped a seven-day win streak, is trading marginally higher. Investors are eagerly awaiting the Federal Reserve's interest rate decision as well as comments by Federal Reserve Chairman Jerome Powell. Still, the individualized stimulus check and vaccine rollout are helping lift sentiment as well as several economic growth stocks. 

 

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

  • Carl Icahn hoping to help scandal-ridden FirstEnergy stock push higher.
  • Crowdstrike stock's earnings beat brings plenty of bulls to the table.  
  • Plus, SMAR sees options surge after upgrade; WLFC jumps to an annual high; and RUBY drops amid share offering. 
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