The ISM services index jumped to a record 63.7% in March
| 4/05/2021 | | Have you seen our volatility scorecard? Sign up by clicking here! | Blue-Chip Index Hits Record Close Alongside SPX on Jobs Data | By: Laura McCandless | Stocks started the week out strong, with the Dow and S&P 500 both nabbing fresh closing highs. The Nasdaq finished firmly in the black as well. Plenty of upbeat economic data boosted the market today, with nonfarm payrolls increasing by 916,000 in March, while the unemployment rate fell 6%. Bond yields also continued to ease, with the 10-year Treasury yield dropping after the ISM services index jumped to a record 63.7% in March -- pointing to recovery in restaurants and hotels. Finally, U.S. President Joe Biden's infrastructure plan was front and center, facing opposition from Republicans, while Treasury Secretary Janet Yellen called for a global minimum corporate tax to keep companies from relocating. Continue reading for more on today's market, including: - Pinterest stock extends its positive price action on VSCO buzz.
- Strong demand gives this electric vehicle giant a boost.
- Plus, airline stock takes flight; Planet fitness stock pops on expansion; and a look at VBTX's year-long rally.
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