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U.S. stock indices moved flat

20 February 2021
2100
2 min.
16
U.S. stock indices moved flat

U.S. stock indices

The US Treasury Secretary Janet Yellen, who called for additional stimulus measures, supported the shares of sectors, which are sensitive to the situation in the economy. Yellen spoke in support of the $1.9 trillion stimulus package proposed by President Joe Biden, expressing the hope that it will be adopted in the coming weeks.

Unemployment in the country stood at 6.3% in January, almost double pre-pandemic levels, according to the US Labor Department.

According to preliminary data released on Friday, the composite US purchasing managers' index (PMI), as calculated by IHS Markit, rose to 58.8 points in February from 58.7 points a month earlier.

The US manufacturing sector indicator fell to 58.5 points from 59.2 points. The service sector PMI rose to 58.9 points from 58.3 points.

The Dow Jones Industrial Average index was up 0.98 points by the close of trading.

The Standard Poor's 500 declined 7.26 points (0.19%) to 3906.71 points.

The Nasdaq Composite gained 9.11 points (0.07%) to 13874.46 points.

For the week, the S&P 500 lost 0.71%, the Nasdaq Composite lost 1.57% and the Dow Jones Industrial Average gained 0.11%.

Shares of Deere Co (NYSE:DE). gained 9.9%.

GameStop Corp (NYSE:GME). stock price rose 0.3 percent.

The stock price of International Business Machines Corp. dropped 1.4 percent.

Roku Inc. gained 3.2%, although the streaming equipment and other services company unexpectedly returned to profitability in 4Q on increased advertising revenue.

Shares of Twilio Inc. fell 4.1%. The developer of cloud platforms and services increased the size of an additional issue by more than 50% after the company's share price hit a record high.

Dropbox Inc. lost 3.8%. The maker of the cloud storage service of the same name boosted revenue by 13% to $504.1 million in the fourth quarter from a year earlier.

Palantir Technologies Inc. shares gained 15.2% after a six-day decline amid the company's disappointing quarterly results.

Uber Technologies Inc. was down 1%. The company, which provides taxi and food delivery services, lost a legal battle in the United Kingdom over the rights of the company's drivers.

Persons2 and Companies14 in the news

Chairman of Federal Reserve Board
1 place
46th President of the United States
2 place
Twilio
1 place
Roku
2 place
Dropbox
3 place
IHS Markit
4 place
GameStop
5 place
Nasdaq
9 place
Dow Jones
10 place
Deere & Company
11 place
Uber
12 place
Section:

Discussion

Rating companies
Tesla
57 Mention
Apple
56 Mention
Nasdaq
53 Mention
Amazon
51 Mention
Dow Jones
44 Mention
Facebook
42 Mention
Microsoft
31 Mention

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