January 31, 2022

Stocks closed up today to end a disappointing January and the S&P 500 posts the worst month since March 2020.

Dow Jones finished +406 at 35,131

S&P 500 finished +84 at 4,515

NASDAQ finished +469 at 14,239

The 10 Year Treasury closed up 1 basis point yielding 1.79%

Oil prices closed up $1.52 ending at $88.34 a barrel.

Gold prices closed up $12.80 ending at $1,799 an ounce.

In the days’ stock news:

Walgreens closed down 1.4% after Bloomberg reported the company has started the sales process for its Boots international drugstore unit. Additional buyout firms, such as Sycamore Partners, are reportedly considering bids.
BlackBerry closed up 4.4% after they announced a deal to sell its legacy patents for $600 million. The noncore patent assets include mobile devices, messaging and wireless networking. Catapult, a special purpose vehicle, was formed to acquire the BlackBerry patents.