Thursday, April 1, Market Recap

Good Evening!

Today, April 1…

The DJIA rose 0.52%

The S&P 500 was up 1.18%.

The Nasdaq Composite added 1.76%.

Tech led the market today.

General Market Review

Tech

Even with the rotation from growth to value, tech stocks are starting to rebound as first quarter earnings are soon to be released. Nio added 2% as they report a jump in deliveries after trimming production forecasts earlier in the month.

Energy

OPEC+ had a meeting to discuss production changes for the next couple of months. The group decided to raise output by 350,000 barrels a day for the months of May and June. Marathon Oil added 10% today.

Stimulus

Yesterday, President Biden unveiled a $2.2 trillion stimulus bill that will support infrastructure investments for roads, airports, broadband rollout, etc. Brookfield gained 2%.

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