The Dow Jones closed slightly higher on first trading day of March. When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.
The S&P 500 dropped for the second consecutive session on Wednesday following the release of manufacturing data.
The yield on 10-year notes surpasses 4% for the first time since November, after the ISM survey showed that the US manufacturing activity contracted in February. The ISM manufacturing PMI rose to 47.7 in February from 47.4 in the previous month.
The CNN Money Fear and Greed index showed further drop in the overall sentiment among US investors.
The S&P 500 and Nasdaq recorded losses on Wednesday, dropping on the first day of March.
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
The CNN Money Fear and Greed index showed some decline in the overall sentiment among US investors.
US stocks closed lower on Tuesday, with all the major indices recording their second negative month in three.