Market Recap: Monday, March 29, 2021
#Stocks #stockmarket #investing
Wall Street ended a volatile session on a mixed note, with the broader market lagging but blue-chip stocks edging to a new record, as the sudden unwinding of a hedge fund ricocheted across markets. On Friday, the S&P 500, Dow and Nasdaq closed higher by more than 1%, with the broader market posting its best in three weeks. However, traders were watching several big stocks like Viacom and Discovery, after a volatile session on Friday saw several names take a hit linked to liquidation by Bill Hwang, a fund manager and the ex-head of Tiger Management’s family office. Kopernik Global Investors Alissa Corcoran and Comerica Bank Chief Economist Robert Dye joined Yahoo Finance Live to break down the details.
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