Double Upgrade Boosts Bank Stock

The Dow is up nearly 300 points midday

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Schaeffer's Midday Market Check
3/24/2021
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Dow Extends Gains as Reopening Stocks Make Comeback


By: Laura McCandless

The Dow Jones Industrial Average (DJI) is up nearly 300 points midday, as reopening stocks rebound from the previous session's selloff. The S&P 500 Index (SPX) is sitting in the black as well, albeit much more modestly, while the Nasdaq Composite (IXIC) is struggling just below breakeven. In terms of sentiment surrounding Covid-19, a global spike in cases is at odds with the rapidly increasing vaccination rate in the U.S. Meanwhile, according to the IHS Markit manufacturing gauge, the U.S. economy grew in March. 

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

  • Bank stock looks to break losing streak after a double upgrade
  • Adobe stock brushes off an upbeat quarterly earnings report and forecast. 
  • Plus, options bears chime in on plummeting VIAC; APTO soars on positive cancer therapy data; and GME receives analyst attention. 
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