January 14, 2022

Stocks were mostly lower today at the end of an unstable week, with investors monitoring a mixed set of bank earnings and a bigger-than-expected drop in U.S. retail sales.

Dow Jones finished – 202 at 35,911

S&P 500 finished +4 at 4,662

NASDAQ finished +87 at 14,893

The 10 Year Treasury closed up 7 basis points yielding 1.78%

Oil prices closed up $2.08 ending at $84.20 a barrel.

Gold prices closed down $5.00 ending at $1,816 an ounce.

In the days’ stock news:

Boston Beer Company closed down more than 8% a day after the brewer cut its annual earnings outlook, citing high costs related to supply chain issues and fading growth of its hard seltzer brand Truly.
JPMorgan Chase closed down more than 6%, dragging down the major equity averages. The sell-off came after the firm posted its smallest quarterly earnings beat in nearly two years and the lender’s chief financial officer lowered guidance on companywide returns.