- Major US stock exchanges were subdued on Tuesday and were unable to recoup losses incurred during pre-trade trading.
- President Biden’s US Infrastructure Announcement on Wednesday, Thursday’s ISM Manufacturing Survey and Friday’s NFP Report are the key events of this week.
Major US Stock Exchanges they have generally been unable to recoup the losses incurred during pre-trade trading and therefore closed trading on Tuesday with moderate losses. The S&P 500 fell 0.5% to just over 3,950, the Dow fell 0.3% to just over 33,000 and the Nasdaq 100 fell a modest 0.5% below 12,900. Small-cap companies fared better, with the Russell 2K up 1.7%. The CBOE volatility index fell 1.08 to 19.66.
Regarding the sectoral bias; The best results included the financial (+ 0.7%), industrial (+ 0.4%) and consumer discretionary (+ 0.8%) sectors; The first sector performed well amid an increase in real returns and the second sector performed well in the car markers Tesla (+ 4.0%), Genera Motors (+ 4.6%) and Ford (+ 2.6%). ). Underperforming sectors included information technology (-1.0%), weighted by rising real returns, and typically defensive sectors, including consumer staples (-1.1%) and utilities (-0.9%) .
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