Tuesday, April 6, Market Recap

Good Evening!

Today, April 6..

The DJIA fell 0.29%

The S&P 500 was down 0.10%.

The Nasdaq Composite slipped 0.10%.

Financials led the market today.

General Market Review

Energy

US Crude inventories fell 2.6 million barrels last week, compared to an expected build of 3.9 million barrels by the API. Oil prices went up yet gave up intraday highs today as investors start to get excited about continued signs of reopening. ConocoPhillips added close to 1%.

Financials

US bond yields fell today along with the 10-year treasury which slipped below 1.7%. Regional banks like Bank of New York Mellon, were down about 1% ahead of earnings next week.

Tech

The Fab 5 was in the red today due to lower bond yields. After Roth Capital gave Tesla a bearish valuation of being worth $150 a share, Tesla stock pared gains from yesterday.

Charts by TradingView