September 25, 2020

Stocks opened lower this morning, but managed to turn positive, with every major index finishing up over 1%. In economic news, durable goods orders increased 0.4% in August, much lower than the expected 1.5% increase.

Dow Jones +359 at 27,174

S&P 500 +52 at 3,298

NASDAQ +241 at 10,914

The 10 Year Treasury closed down 1 basis point yielding 0.66%

Oil prices closed down $0.20 ending at $40.11 a barrel

Gold prices closed down $10 ending at $1,859 an ounce

The days’ stock news:

Shares of AstraZeneca increased 2% after the European Union said it would grant partial immunity from any potential liability related to its Covid-19 vaccine candidate. The drug maker received this backing due to asking a lower price for the treatment and would only pay legal costs up to a certain threshold.
Cruise lines all moved over 7% higher after receiving an upgrade from Barclays, which said that although the call may be early, the risk/reward profile is attractive and anticipating that the CDC may make positive comments about the return to cruising.
Boeing supplier, Impresa, filed for bankruptcy protection, stemming from the grounding of Boeing’s 737 Max jet. The Max jet was a key source of revenue for the privately held company.