Tech Stock Has Room to Run

The Dow finished 448 points higher

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Schaeffer's Market Recap
7/09/2021
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Benchmarks Score Record Closes, Third-Straight Weekly Wins


By: Laura McCandless

The Dow finished the week strong with a 448-point gain to secure a record close on Friday. The Nasdaq and S&P 500 jumped to record closes as well, with all three indexes securing their third-straight weekly wins. The 10-year Treasury yield rebounded today, too, as yesterday's shaky reopening sentiment appears to have been pushed to the wayside. However, investors are keeping a cautious eye on tightened Covid-19 restrictions in several countries as the delta variant continues to surge. Meanwhile, U.S. wholesale inventories climbed a better-than-expected 1.3% in May as demand picked up. 

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

  • This biotech name looks to be on the rebound.
  • Buy the dip on this tech stock. 
  • Plus, breaking down the basics of implied volatility; LEVI's earnings beat; and why some are criticizing Wells Fargo. 
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