March 28, 2022

March 28, 2022

Stocks closed up today extending two weeks of gain, as investors shook off recession concerns and bid tech shares higher.

 

Dow Jones finished +95 at 34,955

S&P 500 finished +32 at 4,575

NASDAQ finished +186 at 14,354

 

The 10 Year Treasury closed down 4 basis points yielding 2.45%

Oil prices closed down $10.32 ending at $103.25 a barrel.

Gold prices closed down $35.00 ending at $1,919 an ounce.

 

In the days’ stock news:

 

  • Foot Locker closed down 1% after Cowen urged investors not to get too enticed by the pullback in their price. The firm downgraded Foot Locker to market perform from outperform and cut its price target on the stock to $34 from $42.
  • Tesla closed up 8% following news that the electric vehicle maker will ask shareholders at its annual meeting to authorize a stock split in order to pay stock dividends to investors.

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