Dow climbs more than 200 points on the first trading day of May, retail stocks lead gains

CNBC2021-05-04

U.S. stocks climbed on Monday, the first trading day of May, as shares tied to the economic reopening rallied on relaxed pandemic restrictions.The Dow Jones Industrial Average rose 238.38 points, or ...

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精彩评论

dodo0930
2021-05-04
dodo0930
Wow
MumyTatzsy
2021-05-04
MumyTatzsy
Super great 👍
Tatzsy
2021-05-04
Tatzsy
Nice
- NicholasTZL:
  🙂
WZiYa
2021-05-04
WZiYa
Good to know.
- 乌雨花香:
  yes
- WZiYa:
  Good to know.
- tharain:
  nice
- WZiYa:
  Go for it.
Acella
2021-05-04
Acella
Good to know
- Ericlam:
  Nice
- BoonP:
  [开心]
- EV8:
  👍👍
- Acella:
  😀
- Acella:
  😀
Vivberry
2021-05-04
Vivberry
Comment please
- Acella:
  😀

发表看法

200

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Buffett also revealed to CNBC that when he is no longer in charge, Greg Abel, vice chairman of all non-insurance operations,will succeed him.Shares of Verizon rose 0.2% after the telecom giant saidit will sell its media group to private equity firm Apollo Global Managementfor $5 billion. The sale allows Verizon to offload properties from the former internet empires of AOL and Yahoo.Despite Friday's weakness in equities, the S&P 500 notched its third straight month of gains in April, adding more than 5% to the index as investors bet on a big economic and profit recovery from the pandemic.The S&P 500 is now up more than 11% for the year.The Dow rose about 2.7% last month, while the Nasdaq Composite gained 5.4% in April.Some investors are expecting weakness in the new month given the old \"sell in May and go away\" Wall Street adage. This mantra calls for taking off risk from May to October, a period where the market is more prone to sell-offs historically.Data going back to 1928 shows that the May-October period has the lowest average and median returns of any six-month period of the year with the S&P 500 up 66% of the time on an average return of 2.2%, according to Bank of America.The market might see mediocre performance from here especially after a massive rally from November to April, when the S&P 500 gained 28%, the bank noted.\"This is a small number of observations, but May-October has lackluster average and median returns after a November-April rally of at least 20%,\" Stephen Suttmeier, technical research strategist at Bank of America, said in a note.On the data front, IHS Markit data showed U.S. manufacturing activity grew at a record-high speed last month with April's Manufacturing Business Activity PMI Index rising to 60.5, matching expectations from economists polled by Dow Jones.However, a separate gauge from Institute for Supply Management signaled a slowdown in manufacturing expansion. 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