April 19, 2021

April 19, 2021

U.S. stocks slipped from record levels to start the week as the weakness in the technology sector weighed on the broader market.

 

Dow Jones finished -122 at 34,077

S&P 500 finished -22 at 4,163

NASDAQ finished -138 at 13,914

 

The 10 Year Treasury closed up 3 basis points yielding 1.60%

Oil prices closed up $0.32 ending at $63.45 a barrel.

Gold prices closed down $9.60 ending at $1,770 an ounce.

 

In the days’ stock news:

 

  • Tesla closed down more than 3% as police officials in Texas probe the deadly crash of a Tesla vehicle. Based on a preliminary investigation, police told KPRC 2 they believe nobody had been behind the wheel.
  • Peloton dropped more than 7% after the U.S. Consumer Product Safety Commission issued a warning about Peloton’s Tread+ product being dangerous when children or pets are in the house. Peloton said that it would not recall the product, as one lawmaker called on the company to do.

 

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