August 7, 2020

August 7, 2020

Stocks closed mixed today as investors absorbed a July jobs report that closely beat expectations.  The Labor Department’s monthly jobs report showed employers added 1.8 million non-farm payrolls during the month of July.

Dow Jones finished +46 at 27,433

S&P 500 finished +2 at 3,351

NASDAQ finished -97 at 11,010

 

The 10 Year Treasury closed up 3 basis points yielding 0.56%

Oil prices closed down $0.44 ending at $41.51 a barrel

Gold prices closed down $25.40 ending at $2,044 an ounce

 

In the days’ stock news:

Shares of Zillow Group rallied more than 11% on the back of stronger-than-expected results for the previous quarter. Zillow reported second-quarter revenue of $768 million.

Shares of T-Mobile increased more than 6% following its better-than-expected quarterly earnings.

 

 

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