The Dow erased earlier losses to add 97 points
| 5/05/2021 | | Have you seen our volatility scorecard? Sign up by clicking here! | Dow Nabs Record on Commodity, Semiconductor Sector Rebound | By: Fernanda Horner | After a brief dip into the red this afternoon, the Dow came back strong, ending the session up over 97 points, and notching a brand new record high. Boosting investor sentiment were the rebounding semiconductor and commodity sectors, as well as stellar corporate reports from both General Motors (GM) and Activision Blizzard (ATVI). The S&P 500 also logged a solid win, though the Nasdaq gave up earlier gains to register a modest loss. In terms of economic data, private payrolls and the ISM non-manufacturing index came in below analysts' expectations, while the IHS Markit U.S. services purchasing managers index (PMI) topped estimates. In other news, the Biden administration said it supports waving patent protections for Covid-19 vaccines, which could expand global access to the shot. Continue reading for more on today's market, including: - NuSkin stock was glowing ahead of this evening's earnings report.
- This real estate name could bounce off a historically bullish trendline.
- Plus, buy the dip on this grocery giant; unpacking Hilton Hotels' revenue miss; and UAA attracts slew of bull notes.
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