The Nasdaq closed with a triple-digit gain as well
| |  4/15/2021 | | | Have you seen our volatility scorecard? Sign up by clicking here! | Dow, SPX Close at Record Peaks on Heels of Retail Sales | By: Laura McCandless | | Both the Dow and S&P 500 closed at fresh record highs today, with the former surpassing 34,000 for the first time, and the Nasdaq enjoying a 180-point gain, as corporate earnings and economic data boosted overall sentiment. U.S. retail sales soared 9.8% in March, their highest increase since May of 2020 and well above analyst estimates of 6.1%. Furthermore, initial weekly jobless claims dropped to their lowest level in over a year. Meanwhile, the 10-year Treasury yield showed a solid decline, lifting some weight off the back of Big Tech. Over in Washington, the U.S. has imposed several sanctions on Russia, due to an array of alleged "malign" actions. Continue reading for more on today's market, including: - Analyst expects tech concern to benefit from secular trends.
- BECN nears recent highs before its quarterly report.
- Plus, a look at EMR ahead of earnings; billion-dollar revenue forecast boosts AEO; and STLD's solid run higher.
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