Stocks increased for the first time in 3 days as traders hope for U.S.-China trade progress. In economic news, Job openings were down slightly in August, coming in at 7.051 million.
Here’s a look at how the major indices finished the day:
Dow Jones Industrial +182 at 26,346
S&P 500 +26 at 2,919
NASDAQ +80 at 7,904
The 10 Year Treasury up 5 basis points yielding 1.59%
Oil prices closed down $0.03 ending at $52.60 a barrel
Gold prices closed up $8 ending at $1,511 an ounce
In the days’ stock news:
- American Airlines extended cancelations of Boeing 737 Max flights until mid-January as reviews for the planes’ proposed software changes drag on.
- Apple was upgraded at another analyst firm, citing the stronger than anticipated iPhone 11 sales. Apple share increased over 1% today.
- Johnson and Johnson shares are down after a judge in Philadelphia ruled one of its subsidiaries must pay $8 billion in a recent lawsuit.
- FireEye shares moved 5% higher on strong revenue guidance for the third quarter. The cybersecurity company said it expects its revenues to come in at, or above, the high end of a range between $217 and $221 million.