Daily Market Commentary

March 3, 2021

Bonds & Stocks
With Republicans accusing Democrats of advancing a mammoth spending bill just as the economy is poised to accelerate, a handful of moderate senators is pushing for changes that reduce the risk of assistance flowing to households relatively unscathed by the crisis or to individuals who'd otherwise head back to work.

Economy
U.S. President Joe Biden said the U.S. may have enough vaccine for every adult American by the end of May as Merck & Co. Inc. confirmed it will help make rival Johnson & Johnson's shot. States are to receive a boost in vaccine shipments next week, and Biden said he is directing that teachers be given priority.

World
The daily count of Covid-19 cases in the U.S. fell to 48,092 on Monday, the lowest number in more than four months.

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