September 30, 2020

Stocks moved higher today, with every major index finishing up around 1%. In economic news, the consumer confidence index came in at 101.8 vs. an expected 89.6.

Dow Jones +329 at 27,782

S&P 500 +28 at 3,363

NASDAQ +82 at 11,168

The 10 Year Treasury closed up 3 basis points yielding 0.68%

Oil prices closed up $0.74 ending at $40.03 a barrel

Gold prices closed down $4 ending at $1,890 an ounce

The days’ stock news:

Shares of Disney dropped 1% after the company said it is cutting 28,000 jobs in its theme park division, as the coronavirus continues to impact park visits and keeps Disneyland closed for the foreseeable future.
William Hill and Caesars Entertainment shares both increased over 1% after William Hill accepted Caesar’s $3.7 billion bid to buy the British betting company, stating it believed the deal was the best option for shareholders at an attractive price.
Moderna’s experimental Covid-19 vaccine appears safe and shows signs of working in older adults, according to study results reported by New England Journal of Medicine.