April 12, 2022

April 12, 2022

U.S. stocks closed down as investors assessed fresh inflation data out of Washington that showed prices in March further accelerated to a new 40-year high.

 

Dow Jones finished -88 at 34,220

S&P 500 finished -15 at 4,397

NASDAQ finished -40 at 13,371

 

The 10 Year Treasury closed down 6 basis points yielding 2.72%

Oil prices closed up $6.41 ending at $100.70 a barrel.

Gold prices closed up $21.60 ending at $1,969 an ounce.

 

In the days’ stock news:

 

  • PG&E closed up 3% after it reached settlements to pay $55 million for two fires in Northern California. As part of the agreement, PG&E will not face any criminal prosecution.
  • CarMax closed down 9.5% after reporting a beat on revenue but a miss on earnings for the latest quarter. The auto retailer earned 98 cents per share, below the $1.25 per share consensus estimate.

 

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