December 6, 2021

December 6, 2021

Stocks closed up today with investors further weighing the potential impacts of the Omicron variant after last week’s unstable trading. Bitcoin prices edged marginally lower after a weekend sell-off.

 

Dow Jones finished +647 at 35,227

S&P 500 finished +53 at 4,591

NASDAQ finished +140 at 15,225

 

The 10 Year Treasury closed up 10 basis points yielding 1.44%

Oil prices closed up $3.58 ending at $69.84  a barrel.

Gold prices closed down $3.50 ending at $1,780 an ounce.

 

In the days’ stock news:

 

  • Alibaba closed up 10.4% after the company announced a reorganization of its international and domestic e-commerce businesses. Alibaba also said it will replace its CFO.
  • Kohl’s closed up 5.4% following news that activist investor Engine Capital is recommending that Kohl’s consider either a sale of the company or a separation of its e-commerce business.

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