Stocks advanced today, with every major index ending in positive territory. In economic news, existing home sales see first year-over-year increase in 17 months.
Here’s a look at how the major indices finished the day:
Dow Jones Industrial +240 at 26,202
S&P 500 +24 at 2,924
NASDAQ +72 at 8,020
The 10 Year Treasury closed up 1 basis point yielding 1.57%
Oil prices closed down $0.55 ending at $55.79 a barrel
Gold prices closed down $4 ending at $1,512 an ounce
In the days’ stock news:
- Target shares increased over 20% today after the retailer posted quarterly profits of $1.82 per share, 20 cents above estimates. Revenues and comparable-store sales were also higher than forecasts.
- Alibaba announced it is delaying a planned $15 billion Hong Kong IPO. The decision by china’s e-commerce giant comes amid the growing political unrest in Hong Kong.
- Cardinal Health said its business could be impacted by ongoing opioid-related lawsuits. Cardinal and other wholesale pharmaceutical distributors have been named in about 2,500 lawsuits
- Lowe’s beat earnings estimates by 14 cents per share. Revenue also beat forecasts, and store sales rose by 2.3% vs. 1.9% expected