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Searching for 'Pandemic Low'. (Return)

MarketWatch MarketPulseMay 11, 2021
Dow logs steepest daily skid in 2 1/2 months but tech-led Nasdaq stages big comeback to pare worst of Tuesday's slump
U.S. stocks finished out a wild Tuesday session lower but investors bought into the drop, helping to pare the worst of the day's steep drop. Still, the Dow Jones Industrial Average booked its worst day since Feb. 26, ending down 472 points, or 1.4%, at 34,269. At its lows, the blue-chip index was down by as many as 668 points before paring those losses. The S&P 500 index closed 0.9% lower to 4,152, while the Nasdaq Composite Index ended down less than 0.1% at 13,389, recovering from an intraday nadir at 13,107.67. Initial selling was primarily focused on technology and tech-related names, with the downturn blamed on renewed fears of a surge in inflation as the economy recovers from the COVID pandemic. Tech shares, however, saw some bids off their lows on Tuesday as investors saw buying opportunities off the day's low.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Dismal.com: IndicatorsMay 07, 2021
Canada: Purchasing Managers' Index
The seasonally adjusted Ivey Purchasing Managers' Index fell in April to 60.6 from 72.9 in March. The reading is still signaling expansion, though at a slower pace than last month. The index came in at 22.8 in April 2020, right in the midst of major pandemic stress. Of the four detailed measures, only the Ivey suppliers index was below 50 in March.
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