Daily Chart Report ? Thursday, April 1st, 2021

Today’s Summary
Thursday, April 1st, 2021

Indices: US stocks ended the week on a positive note with the Dow Jones Industrial Average advancing 172 points or 0.52%. The S&P 500 and Nasdaq rose 1.18% and 1.76%, respectively. The Russell 2000 gained 1.50%.

Sectors: 8 of the 11 sectors closed higher. Energy led, gaining 2.55%. Consumer Staples lagged, falling 0.48%.

Commodities: Crude Oil futures moved higher by 3.87% to $61.45 per barrel. Gold futures rose 0.75% to $1,728 per ounce.

Currencies: The US Dollar Index fell 0.38%.

Interest Rates: The 10-year US Treasury yield dropped to 1.672%.

Here are the best charts, articles, and ideas being shared on the web today!

Chart of the Day

Today’s Chart of the Day was shared in a note by Frank Cappelleri of Instinet (@FrankCappelleri). It's a quarterly bar chart of the S&P 500 over the past five decades. Frank points out that the S&P 500 just logged its fourth straight quarterly gain of at least 5%. The last time that happened was in 1995, in the early innings of a 14 quarter winning streak. Imagine that! That's 10 more quarters (2.5 years) of perpetual quarterly gains after an already impressive run. To be fair, it also happened in 1983 and was followed by a mild four-quarter losing streak. But of all the four prior instances since 1950, the market was higher one year later more often than not.

Sponsored:

Quote of the Day

“Don't believe everything you read on the internet.”

– John Maynard Keynes