April 15, 2021

April 15, 2021

U.S. stocks closed at record levels today after key companies reported strong earnings and fresh economic data pointed to a rebound in consumer spending and the jobs market.

 

Dow Jones finished +305 at 34,035

S&P 500 finished +46 at 4,170

NASDAQ finished +181 at 14,038

 

The 10 Year Treasury closed down 8 basis points yielding 1.55%

Oil prices closed up $0.18 ending at $63.33 a barrel.

Gold prices closed up $29.00 ending at $1,765 an ounce.

 

In the days’ stock news:

 

  • Coinbase closed down 1.6%, A day after its debut on the Nasdaq. The company got a buy rating and $500 per share price target, implying about 50% upside from yesterday’s close.
  • American Eagle closed up more than 4% after American Eagle said it anticipates first-quarter revenue topping $1 billion.

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