Fundamental analysis
26 February, 2021
Wall Street’s main indexes tumbled on Thursday, with the Nasdaq index posting its largest daily percentage fall in four months, as technology-related stocks remained under pressure following a rise in U.S. bond yields. The Dow and the S&P 500 notched their biggest daily decline since late January. The USA500 got monkey hammered as treasury yields rose in the United States. Initial Jobless Claims for the past week were 730,000. That was much better than the 838,000 that had been forecast. Core Durable Goods for January printed at 1.4%, Month-over-Month. Analysts had expected only 0.7%. Pending Home Sales for January fell 2.8%, Month-over-Month. The consensus forecast was a drop of only 0.2%. The 4th Quarter GDP revision came in at 4.1%, Quarter-over-Quarter, a tenth of a percentage point less than predicted.
