August 10, 2020

Stocks opened higher to begin the week, with the DOW and S&P both finishing in positive territory. In economic news, the consumer sentiment index came in at 71.9 for August, lower than the expected 72.5.

Dow Jones +358 at 27,791

S&P 500 +9 at 3,360

NASDAQ -43 at 10,968

The 10 Year Treasury closed up 1 basis point yielding 0.57%

Oil prices closed up $0.79 ending at $42.01 a barrel

Gold prices closed up $6 ending at $2,035 an ounce

The days’ stock news:

Shares of Marriott rose 4% despite losing more than expected during the 2^nd This was the company’s first quarterly loss in nearly 9 years. Marriott, along with other hotel chains, continue to be impacted by the Covid-19 pandemic.
Canopy Growth shares increased 8% after reporting better-than-expected revenue. This was helped by a restructuring plan that reined in expenses, with the pandemic also boosting a demand for its products.
Twitter is said to be interested in the U.S. operations for TikTok. Twitter would be competing with Microsoft, which is already in talks with TikTok’s parent company, ByteDance.