Wednesday, April 7, Market Recap

Good Evening!

Today, April 7..

The DJIA rose 0.05%

The S&P 500 was up 0.20%.

The Nasdaq Composite slipped 0.10%.

Tech led the market today.

General Market Review

Tech

Amazon showed its support for the $2 trillion infrastructure plan and a corporate tax hike. Biden is willing to negotiate on a proposed increase in taxes. Amazon added 1.7%. ViacomCBS slipped 1%, adding to the recent decline from its link to Archegos, even though it was upgraded to outperform.

Consumer Discretionary

Beyond Meat announced the opening of its first manufacturing plant in China yet fell close to 3% today. Demand for plant-faux meat products is increasing in China.

Pharmaceuticals

The UK health regulator released that it would offer an alternative vaccine to AstraZeneca for those below the age of 30, because of rare blood clotting cases. AstraZeneca fell 1.6%.

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