Market Recap: Wednesday, March 10: Dow closes at record high


Stocks were mostly higher on Wednesday after new data showed still-muted inflationary pressures in consumer goods, helping assuage fears of a rapid jump in prices during the economic recovery. Treasury yields reversed course to dip following the report. The Dow jumped by more than 1.5% to reach a fresh record intraday high, with the milestone arriving just a year after the COVID-19 outbreak first sent markets into a tailspin. The Nasdaq erased earlier gains of more than 1% to close near the flat line, after the index ended Tuesday’s session higher by 3.7% to post its best day since November. Chief Investment Strategist at CFRA, Sam Stovall, and Lisa Erickson, U.S. Bank Wealth Management’s Head of Traditional Investments joined Yahoo Finance Live.

Subscribe to Yahoo Finance:

About Yahoo Finance:
At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.

About Yahoo Finance Premium: With a subscription to Yahoo Finance Premium, get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more.
To learn more about Yahoo Finance Premium please visit:

Connect with Yahoo Finance:
Get the latest news:
Find Yahoo Finance on Facebook:
Follow Yahoo Finance on Twitter:
Follow Yahoo Finance on Instagram:
Follow Yahoo Finance Premium on Twitter:


Comments are closed.