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.

 

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