How major US stock indexes fared Thursday

Thursday, February 25, 2021 | The Associated Press

A rout in technology companies pulled the Nasdaq down 3.5% Thursday, the biggest loss for the tech-heavy index since last October. The Dow Jones Industrial Average lost a more modest 1.8%, a day after the blue chip index set a record high.

A steady march higher in Treasury yields has been drawing money out of the stock market and leading investors to question whether the massive run-up in Big Tech valuations in recent months has been excessive. Bond yields are rising as investors anticipate more stimulus from Washington, greater economic growth and possibly a pickup in inflation.

On Thursday:

The S&P 500 fell 96.09 points, or 2.4%, to 3,829.34.

The Dow Jones Industrial Average fell 559.85 points, or 1.8%, to 31,402.01.

The Nasdaq fell 478.54 points, or 3.5%, to 13,119.43.

The Russell 2000 index of smaller companies fell 84.21 points, or 3.7%, to 2,200.17.

For the week:

The S&P 500 is down 77.37 points, or 2%.

The Dow is down 92.31 points, or 0.3%.

The Nasdaq is down 755.03 points, or 5.4%.

The Russell 2000 is down 66.52 points, or 2.9%.

For the year:

The S&P 500 is up 73.27 points, or 2%.

The Dow is up 795.53 points, or 2.6%.

The Nasdaq is up 231.15 points, or 1.8%.

The Russell 2000 is up 225.32 points, or 11.4%.

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7 Stocks That Cathie Wood is Buying And You Should Too

If you’re an investor that likes to go with the “hot hand,” then they don’t get much hotter than Cathie Wood. The founder and CEO of ARK Investment Management delivered returns of over 100% in all five of her firm’s exchange-traded funds (ETFs) in 2020.

The names of her funds showcase some of the hottest emerging growth trends in the market: financial technology (fintech), genomic revolution, innovation, autonomous technology/robotics, and next generation internet.

As you would expect, these funds contain some of the hottest growth stocks from the past year. And in the aftermath of the tech selloff, Wood is not backing away. In fact, she’s doubling down on her strategy. It might not be exactly a matter of being greedy while others are fearful; perhaps more like being prepared while others are distracted.

But the other thing about Wood’s selections is that many of them are not obscure names. These are companies that were among the hottest names in 2020. Wood simply believes that they still have room to run. And that’s one reason you should consider making them a part of your portfolio.

In this special presentation, we’re giving you just seven of the stocks that Cathie Wood is buying or has bought recently. We’ve attempted to pick out at least one stock from each of the ARK ETFs. As with any investment decision, it’s important that you perform your own research before making a decision.

View the "7 Stocks That Cathie Wood is Buying And You Should Too".


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