MoneyMatters Blog
"In the investing blog, I seek to help you take sound investment decisions free from emotion by sharing my objective insights on markets, sectors, and companies."
Sam Subramanian
U. S. stocks lost ground last week after comments from the Federal Reserve caused the yield on the 10-year Treasury bond to rise to a 14-month high.
New $1.9 trillion stimulus, benign inflation, and adequate demand for bonds auctioned by the U. S. Treasury helped U. S. stocks set new highs last week.
U. S. stocks were mixed. The S&P 500 advanced 0.9%, helped by rising prices of value stocks. The NASDAQ Composite index fell 2.1% as growth stocks declined.
Bond yields spiked on strong economic data and rising inflation expectations. The S&P 500 fell in response, recording its first losing week in February.
U. S. stocks closed the week at a record high on the prospect of additional Congressional aid amidst strong corporate profits.
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