Wednesday, March 31, Market Recap
Today, March 31…
The DJIA fell 0.26%
The S&P 500 was up 0.36%.
The Nasdaq Composite added 1.50%.
Tech led the market today.
|General Market Review
As the next quarter of earnings reports are set to come out soon, investors boost tech stocks. Microsoft added 1.69% because of a 10-year contract with the US Army to deliver 120,000 HoloLens augmented-reality headsets for $22 billion. Apple was up close to 2% after being upgraded by UBS.
Oil prices fell lower than $60 a barrel, because of worries on global demand. France increases nationwide lockdowns after an increase in Covid hospitalizations. Inventories for the week fell by 876,000 barrels, while forecasts were set on a build of 107,000 barrels.
Last month, the economy had created 515,000 private jobs, which is only 35,000 shy of expectations. This data gives economists high expectations for nonfarm payrolls.