The Dow and S&P 500 locked in weekly gains
| |  3/26/2021 | | | Have you seen our volatility scorecard? Sign up by clicking here! | Dow, SPX Notch Wins as Nasdaq Succeeds in Rally Attempt | By: Jake Scott | | The Dow and S&P 500 closed out the week higher, thanks to names tied directly to the reopening economy and bank stocks. Coupled with yesterday's win, both indexes locked in modest weekly gains, and are heading into the end of March with upbeat inflation data and word that the Federal Reserve will allow banks to resume buybacks and raise dividends by the end of June. Meanwhile, the Nasdaq's earlier comeback attempt deemed successful, though the tech-laden benchmark still closed the week lower, amid rising interest rates and valuation concerns. Lastly, Wall Street's "fear gauge," the Cboe Volatility Index (VIX), nabbed is lowest close since February 2020. Continue reading for more on today's market, including: - Schaeffer's Senior V.P. of Research Todd Salamone talks all things small-caps.
- Don't sweat SunPower stock's latest pullback.
- Plus, why Ford stock hit the brakes; the tobacco stock that Jefferies loves; and semiconductor shortage sinks NIO.
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