Zacatecas Silver CEO Bryan Slusarchuk discusses the rise in the price of silver and why he hopes the metal will eventually been seen as a currency.
U.S. equity markets rallied Tuesday as bipartisan COVID-19 relief talks appeared to be making headway on Capitol Hill, this a basket of heavily traded stocks got slammed.
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| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| I:DJI | DOW JONES AVERAGES | 30783.32 | +571.41 | +1.89% |
| SP500 | S&P 500 | 3839 | +65.14 | +1.73% |
| I:COMP | NASDAQ COMPOSITE INDEX | 13633.769681 | +230.38 | +1.72% |
The Dow Jones Industrial Average was higher by nearly 600 points, or 1.9%, while the S&P 500 and the Nasdaq Composite advanced about 1.7 each with the tech-heavy composite nearing a fresh record.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| GME | GAMESTOP CORP | 108.25 | -116.76 | -51.89% |
| AMC | AMC ENTERTAINMENT HOLDINGS INC | 7.55 | -5.82 | -43.56% |
| BBBY | BED BATH & BEYOND INC. | 26.36 | -3.90 | -12.89% |
| BB | BLACKBERRY LIMITED | 11.82 | -2.80 | -19.16% |
GameStop Corp. shares were sharply lower for a second straight day as bulls and bears continue to do battle in the highly volatile stock. Shares were headed to the worst one-day percentage drop ever. Other recent high flyers, including AMC Entertainment Group, Bed Bath & Beyond Inc. and BlackBerry Ltd. were also under pressure.
In Washington, President Biden met with 10 Republican Senators on Monday afternoon to discuss their approximately $618 billion COVID-19 aid package that would extend a third round of stimulus checks to some Americans, grant an additional $300 a week in supplemental unemployment benefits through June and provide $50 billion for small businesses. He is lunching with U.S. Treasury Secretary Janet Yellen today who was also meeting with the Democratic caucus.
REDDIT TRADERS COULD KEEP TERRORIZING WALL STREET: GOLDMAN SACHS
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| UPS | UNITED PARCEL SERVICE INC. | 157.33 | +1.02 | +0.65% |
| FDX | FEDEX CORPORATION | 242.97 | +3.69 | +1.54% |
Looking at corporate and earnings news, United Parcel Services Inc. said adjusted quarterly profit rose 27% year over year as the e-commerce boom fueled by the COVID-19 pandemic resulted in a surge in home-delivery demand. The company also received a boost from its role in delivering COVID-19 vaccines.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| PFE | PFIZER INC. | 35.05 | -0.74 | -2.07% |
Pfizer Inc. forecast $15 billion in sales from the COVID-19 vaccine it is producing along with BioNTech and raised its full-year outlook. Prior quarter sales from the vaccine were one-third of what was expected.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| XOM | EXXON MOBIL CORPORATION | 45.76 | +0.84 | +1.87% |
| CVX | CHEVRON CORP. | 87.15 | +0.68 | +0.79% |
Exxon Mobil Corp. announced an additional $3 billion of expense reductions and reported its first annual loss in 40 years as the COVID-19 pandemic resulted in a sharp drop in demand for oil and gas. The oil giant also created a “Low Carbon Emissions” unit that will help reduce greenhouse gases by up to 20% by 2025. The oil giant reportedly held talks with rival Chevron during the height of the pandemic last year, as reported by the WSJ.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| HOG | HARLEY DAVIDSON | 32.58 | -7.60 | -18.91% |
Meanwhile, Harley-Davidson Inc. unveiled its five-year turnaround plan called “The Hardwire” as shipments to dealers plunged 32% from a year ago to their lowest level since 1997. Annual retail sales, meanwhile, sank 17% to the weakest since 1998.
Elsewhere, Tesla Inc. announced it would recall 134,951 Model S and Model X vehicles after a U.S. regulator warned their touchscreen displays could fail.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| TSLA | TESLA INC. | 878.54 | +38.73 | +4.61% |
Tech giants Alphabet Inc. and Amazon Inc. will report their quarterly results after the closing bell.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| AMZN | AMAZON.COM INC. | 3,410.32 | +67.44 | +2.02% |
| GOOGL | ALPHABET INC. | 1,925.64 | +32.57 | +1.72% |
In commodities, silver plunged $1.928, or 6.55%, to $27.49 an ounce a day after posting their largest gain in almost 12 years. Elsewhere in the space, gold fell $27 to $1,836.90 an ounce and West Texas Intermediate crude oil jumped $1.38 to $54.93 a barrel.
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Overseas markets were higher across the board with France’s CAC 40 leading the advance in Europe, trading up 1.62%, while Germany’s DAX 30 and Britain’s FTSE 100 climbed 1.01% and 0.58%, respectively.
In Asia, Hong Kong’s Hang Seng index gained 1.23%, Japan’s Nikkei 225 rallied 0.97% and China’s Shanghai Composite index added 0.81%.