Dow rises nearly 200 points | Nasdaq's relationship with bond yields frays | GameStop's 50% rally

Investors may be starting to feel a kinship with the cargo ship that finds itself jammed into both sides of the Suez Canal, blocking billions of dollars in trade. 

VIEW IN BROWSER | SUBSCRIBE THU, MAR 25, 2021 EVENING BRIEF AS OF THU, MAR 25, 2021 • 04:54 ET DJIA 32619.48 +0.62% +199.42 S&P 500 3909.52 +0.52% +20.38 NASDAQ 12977.68 +0.12% +15.79   Most Active DOW NAME LAST CHG %CHG AAPL 120.59 +0.50 +0.42% INTC 62.02 -0.02 -0.03% CSCO 50.51 +0.86 +1.73% S&P 500 NAME LAST CHG %CHG AAPL 120.59 +0.50 +0.42% GE 12.85 +0.35 +2.80% F 12.32 +0.18 +1.48% NASDAQ NAME LAST CHG %CHG AAPL 120.59 +0.50 +0.42% AMD 76.22 -0.26 -0.34% TSLA 640.39 +10.12 +1.61%   EDITOR'S NOTE Investors may be starting to feel a kinship with the cargo ship that finds itself jammed into both sides of the Suez Canal, blocking billions of dollars in trade.    The U.S. stock market has churned with no clear motivation over the past week, with neither the Dow nor the S&P 500 able to put together a streak of more than two-days in either direction since March 15. The trend of the Nasdaq Composite moving inverse of bond yields has broken down.  The reason why the market is seemingly treading water is unclear. With the end of March approaching, month- and quarter-end rebalancing could be causing ripple effects that make trendlines less distinct.    To be sure, the major indexes are still fairly close to their record highs. Further, the period of calm comes after a string of catalysts, including stimulus, fourth-quarter earnings and the initial rollout of the Covid-19 vaccines.   In the weeks ahead, policymakers in Washington will continue to debate a potential multi-trillion dollar infrastructure proposal along with a tax plan to pay for at least part of it. Another batch of corporate earnings is just around the corner.    "Markets either rally before earnings season, during earnings season or after earnings season. They don't rally in all three phases," said David Waddell, the CEO of wealth strategy firm Waddell and Associates. "So I think we're just waiting on earnings season."     Jesse Pound | CNBC Markets Reporter @jesserpound TOP NEWS  Dow climbs 199 points in late-day rebound led by stocks benefiting from reopening Suez Canal blockage is delaying an estimated $400 million an hour in goods GameStop shakes off earnings slump, soars 50% to snap recent slide Fed says banks will have to wait until June 30 to start issuing buybacks and bigger dividends JPMorgan's Kolanovic sees month-end buying in stocks, contrary to popular belief Cathie Wood says don't underestimate the little guy changing investing Biden talks southern border, voting rights, filibuster and Afghanistan in first press conference Senate extends pandemic assistance for small businesses for 2 months 30 million people may receive $1,400 stimulus checks after Social Security Administration provides payment information to IRS 'Super Bowl of tax reform': Groups gear up for fight over Biden plan to raise taxes on rich, corporations   TOP VIDEO Inflation could become 'self-fulfilling prophecy,' BMO Capital says   CNBC PRO Cramer says young investors should own these 3 stocks with earnings growth   SPECIAL REPORTS Amazon is launching on-site Covid-19 vaccinations at some warehouses Some $1,400 stimulus checks went to people who didn't need them. Experts say that may be OK   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2021 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS