The Dow and S&P 500 were little changed in Friday afternoon trading following a two-day rally, with a downbeat sales forecast from Nike offsetting gains in financial and energy shares.
"The last few days have shown a pronounced trend toward recovery in the market and back toward the highs," said Rick Meckler, partner, Cherry Lane Investments, a family investment office in New Vernon, New Jersey.
The front facade of the New York Stock Exchange is seen in New York, U.S., February 16, 2021. REUTERS/Brendan McDermid/File Photo "There's plenty of things to worry about, but bottom line, short-term rates make putting your money in cash unattractive, and bonds seem riskier at these levels than stocks do to many investors."and its potential risk to global financial markets and also ahead of the Wednesday's Federal Reserve statement.
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