Stocks were volatile today, with every major index finishing in negative territory. In economic news, U.S. existing-home sales dropped in September.
Here’s a look at how the major indices finished the day:
Dow Jones Industrial -38 at 26,788
S&P 500 -11 at 2,996
NASDAQ -59 8,104
The 10 Year Treasury down 2 basis points yielding 1.77%
Oil prices closed up $0.85 ending at $54.16 a barrel
Gold prices closed up $3 ending at $1,491 an ounce
In the days’ stock news:
- Biogen shares moved 26% higher after the drug maker announced its plan to file for FDA approval of its Alzheimer’s treatment, after promising results for the drug in a clinical trial.
- com shares increased about 20% after the company announced a partnership with UPS which gives discount shipping rates to users of the company’s postage printing services.
- Bank of America was upgraded at Atlantic Equities, citing what it calls an impressive third quarter with ongoing deposit growth.
- Proctor & Gamble beat earnings and revenue estimates with help by strong demand for its premium beauty brands.