The DJIA rose 0.20% The S&P 500 was down 0.08% The Nasdaq Composite slipped 0.34%
Energy and financials led the market.
General Market Review
The 10-year Treasury yield topped 1.30% benefitting bank stocks. Bank of America and JP Morgan Chase jumped 3%.
The expectations that a second stimulus will include $14 billion in funding to the aviation industry helped United Airlines rise about 3%.
The deep freeze in the South has caused oil prices to rise. US crude hit above $60/ barrel. Marathon Oil and Occidental Petroleum added 6% and 4%, respectively.
Palantir Technologies reported mixed earnings for fourth quarter. The company beat revenue by $22 million with a reported $322 million. Earnings missed as they reported a loss of $0.08, while estimates were set at $0.02. Palantir predicts revenue growth of 30% for 2021 which is slower than 2020’s growth of 47%. PLTR fell 12% today.