22nd June 2021 Morning Report

U.S. stocks rallied yesterday with the Dow Jones Industrial Average up by more than 500 points, as shares across the board moved higher. 

The Dow rose 1.8%, the S&P 500 1.4% and the Nasdaq Composite 0.8%. 

It was a stark reversal from last week, which was characterised by profit taking on the back of the Fed’s hawkish signals on monetary policy triggered the worst weekly performance for the Dow and the S&P 500 in months.

Overall, there is a tug of war in the market as some want easy money while others want tight money. The market is juggling fears of an overheating economy with optimism about a strong economic rebound, and this is what is causing the swings from week to week now as the market assesses new data in the light fear and optimism.

Morning Report 22 June 2021

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

November 22th Morning Report
November 19th Morning Report
November 18th Morning Report
November 15th Morning Report
November 14th Morning Report
November 13th Morning Report
November 12th Morning Report
November 11th Morning Report
November 8th Morning Report
November 7th Morning Report