Mar 15, 2021 AT 09:43PM
US stocks reversed dramatically higher at the EU close with both the Dow and S&P hit new record highs. The DJIA rose by 175 points to a record close and finished up for a seventh session in a row, the longest winning streak since August. The benchmark S&P 500 Index gained for a fifth straight trading session, led by Airlines, utilities, and real estate sectors. Apple, Tesla and Facebook led the mega tech-heavy Nasdaq higher. Jets etf close +4% with AAL and UAL shares rose 7.7% and 8.3%, respectively. Cruise liners also surged with Carnival and Royal Caribbean closed +5%. Elsewhere, Crude oil pared a loss of more than 2%, 10yr yields fell off the highs and held the 1.60% handle while 5Y Breakevens hit 2.60%, highest since 2008. Bitcoin pulled back after a weekend rally that sent prices above $61,000 for the first time and VIX briefly fell <20. All eyes on US retails sales tomorrow followed by the Fed on Wednesday.
