October 12, 2021

October 12, 2021

The three major U.S. stock indexes closed lower for a third-straight session today ahead of a key inflation reading and a kick-off to third-quarter earnings season.

 

Dow Jones finished -118 at 34,378

S&P 500 finished -11 at  4,350

NASDAQ finished -20 at 14,465

 

The 10 Year Treasury closed down 4 basis points yielding 1.57%

Oil prices closed up $0.01 ending at $80.53 a barrel.

Gold prices closed up $5.90 ending at $1,761 an ounce.

 

In the days’ stock news:

 

  • Signet Jewelers closed down 0.6% after the company announced the acquisition of rival Diamonds Direct for $490 million in cash. SIgnet said the acquisition would add immediately to the company’s earnings.
  • CureVac the German biotech firm closed down more than 4% after it withdrew its Covid-19 vaccine application in Europe, following a decision by the European Medicines Agency not to fast-track the approval process for CureVac.

 

Daily Updates

January 24, 202.

Stocks had a dramatic comeback today as investors stepped in...

January 21, 202.

Stocks closed down today with investors rotating further away from...

January 18, 202.

The major averages fell sharply Tuesday after Goldman Sachs reported...

Monthly Updates

Omicron Fears E.

Last month we pointed out that December is the best...

Another Covid V.

November is historically a good month for the market and...

Best Month of t.

Earnings are the fuel that drives the train and the...

Stay up to date with our newsletter