Nasdaq Recovers to Start March as Bond Market Volatility Cools 2021-03-02 01:00:00 Thomas Westwater, Analyst
Nasdaq, Russell 2000, Treasury Yields, RBA -Talking Points
Wall Street sees strong recovery to start March, led by tech and small-caps
Treasury yields and other government bond markets cool after volatile week
Investors focused on today’s RBA rate decision following bond market intervention
US equity indexes rebounded on Monday as Wall Street began the new month of trading with a restored sense of optimism. The New York session saw a broad-based appetite for risk reemerge after last week’s selloff when climbing Treasury yields spooked investors and pushed major US indexes near correction territory.
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CHICAGO, March 2, 2021 /PRNewswire/ The RSM US Middle Market Business Index (MMBI), presented by RSM US LLP ( RSM ) in partnership with the U.S. Chamber of Commerce, rose slightly in January 2021 to 124 from 121 in December 2020, indicating that while the U.S. economy continues to see pandemic-induced challenges, businesses are optimistic about future economic activity in 2021. This is the best reading for the index since October 2020, though it is still 7% below its pre-pandemic level. The index is part of the MMBI for the first quarter. While concerns around COVID-19 infections in the U.S. and Europe continue, causing a somewhat bleak immediate outlook, 56% of respondents expect significant improvement in the second half of the year, said Joe Brusuelas, RSM US LLP chief economist. American consumers are holding on to approximately $1.5 trillion in savings, and as vaccination rates accelerate, businesses are preparing for what could be
Besides boats and semiconductor chips, experts say houses, furniture, appliances and major electronics are in short supply.
Credit: The Denver Post
JOHNSTOWN, COLORADO - FEBRUARY 28: Eric Smith, GM and co-owner of Colorado Boat Center, is pictured in the store s main showroom on February 28, 2021 in Johnstown, Colorado. Various supply chains have been affected by the year long pandemic and boats are a part of this and the increased demand for boats has created a shortage. Eric Smith and his father Tom, co-owners of own boat center were expecting the worst at the start of the pandemic but instead sales have boomed in 2020 and demand hasn t slowed down into 2021. For the first time in 30 years we ran out of boats last year, Eric Smith said. We ve pre-sold 80% of our allotment for the year already. We are taking preorders for 2022. Boats and recreational vehicles are among the goods whose sales have skyrocketed during the pandemic as people have turned to the outdoors for socially
The RSM US Middle Market Business Index Improves as Post-Pandemic Optimism Lifts Outlook prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.