Market Week: May 3, 2021
Last Monday saw small caps and tech shares drive the Russell 2000 and the Nasdaq higher. Investors may have drawn encouragement from strong, first-quarter corporate earnings reports, solid economic data, and the expectation that the Federal Reserve will maintain its accommodative stance. Following the Russell 2000 (1.2%) and the Nasdaq (0.9%), were the Global Dow (0.6%) and the S&P 500 (0.2%). The Dow dipped 0.2%. The yield on 10-year Treasuries inched up, while the dollar and crude oil prices fell. Energy and consumer discretionary each advanced 0.6% last Monday, while consumer staples fell 1.2%.
