April 1, 2021

April 1, 2021

Stocks began the 2nd quarter with every major index finishing the day positive. In economic news, there were 719,000 jobless claims last week, higher than the expected 675,000.

 

Dow Jones +172 at 33,153

S&P 500 +47 at 4,020

NASDAQ +233 at 13,480

 

The 10 Year Treasury closed down 7 basis points yielding 1.68%

Oil prices closed up $2.08 ending at $61.21 a barrel

Gold prices closed up $15 ending at $1,729 an ounce

 

Corporate news:

  • Shares of Micron technology increased over 4% after the chipmaker beat quarterly earnings and revenue estimates. the company also issued an upbeat forecast amid elevated demand for semiconductors.
  • FuboTv announced an agreement to carry all non-nationally televised Chicago Cubs games this season. Fubo shares finished the day up over 1%.
  • New data released by Pfizer and partner BioNTech showed 91% efficacy for its covid-19 vaccine after 6 months.

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