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AstraZeneca Seeks Authorization | March 22 | Eagle Nest

Monday, March 22, Market Recap

Good Evening!

Today, March 22…

The DJIA rose 0.32%

The S&P 500 was up 0.70%.

The Nasdaq Composite added 1.32%.

Tech led the market today.

General Market Review

Financials

The US 10-year yield reached just below 1.7%. The rise was driven by overnight selling and US banks holding back demand.

Industrials

The TSA screened the highest number of passengers in a single day since March 13th last year. Although there were lockdowns in Europe from the AstraZeneca vaccine, in the US, the vaccine was found to be 79% effective in late-stage trials. They are seeking emergency use authorization from the FDA. Delta Air Lines and American Airlines fell 2.06% and 4.57%, respectively.

Tech

The Fab Five was in the green today. Although Tesla pared gains, Cathie Woods estimated that by 2025, the stock will rise to $3000.

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