The Eventful, Early Weeks of 2021
Monday, January 25, 2021 – After slipping the previous week and despite a drop last Friday, U.S. equities gained further ground as all major U.S. equity indices closed with weekly gains. U.S. equities have posted positive performance for most of this young year, fueled primarily by optimism surrounding the arrival of the Coronavirus vaccines, the political transition, the new stimulus package, and a solid start to the earnings season. For the week, the Dow Jones Industrial Average gained 187.72 points or .59% to close at 30,996.98, the S&P 500 gained 73.22 points or 1.94% to close at 3,841.47 and the NASDAQ Composite picked up 544.56 points or 4.19% to close at 13,543.06. ETFG Fund Flow Summary – In the world of ETFs, these three products received the largest inflows during the week: iShares Core Total USD Bond Market ETF ( IUSB ) with $3B, iShares MSCI EAFE Value ETF ( EFV ) with $2.9B and the Financial Select Sector SPDR Fund ( XLF ) with $1.3B of net infl...