- June 21, 2021
- Posted by: Stratford Team
- Category: Business
Strategic Wealth Partners wealth adviser Luke Lloyd and Surevest CEO Rob Luna weigh in on the growing influence of retail investors and the state of Big Tech stocks.
U.S. equity markets were mixed Monday as the Dow Jones Industrial Average looked to snap its five-day losing streak and bounce back from its worst week since October.
Ticker Security Last Change Change %I:DJI DOW JONES AVERAGES 33664.19 +374.11 +1.12%SP500 S&P 500 4199.62 +33.17 +0.80%I:COMP NASDAQ COMPOSITE INDEX 14068.723255 +38.35 +0.27%
The Dow rose 197 points, or 0.59%, while the S&P 500 advanced 0.29% and the Nasdaq Composite slipped 0.16%. The choppy trade comes after St. Louis Fed President James Bullard roiled markets on Friday when he suggested a rate hike could occur in 2022 – ahead of the Fed’s 2023 target.
Investors are now looking ahead to Federal Reserve Chairman Jerome Powell’s Tuesday testimony on lessons learned from the central bank’s response to the…