Signal Says Software Stock Has Room to Run

The 10-Year Treasury yield weighed on tech stocks

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Schaeffer's Market Recap
8/10/2021
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Dow Scores Record Close on Infrastructure Bill Tailwinds


By: Jake Scott

The Dow rose 162 points today to a record close, riding political tailwinds after the U.S. Senate passed the $1 trillion bipartisan infrastructure package. The S&P 500 also notched a comfortable win and new intraday record high, as stocks tied to the infrastructure bill climbed.

The Nasdaq sat out today's gains though, as rising Treasury yields weighed on tech stocks. Looking ahead, investors are eagerly awaiting inflation measurements via the consumer price index and producer price index data, slated for release Wednesday and Thursday, respectively.

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

  • Zscaler stock has room to run.
  • We break down the difference between index options and stock options.
  • Plus, one of the first meme stocks back in focus; what's haunting Casper stock; and eBay's pre-earnings performance. 
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