Thursday, April 1, Market Recap
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
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.
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.
Yesterday, President Biden unveiled a $2.2 trillion stimulus bill that will support infrastructure investments for roads, airports, broadband rollout, etc. Brookfield gained 2%.