April 19, 2022

April 19, 2022

Stocks closed up today as traders navigated one of the busiest weeks of corporate earnings season, and monitored the latest moves in interest rates.

 

Dow Jones finished +500 at 34,911

S&P 500 finished +71 at 4,462

NASDAQ finished +287 at 13,619

 

The 10 Year Treasury closed up 7 basis points yielding 2.93%

Oil prices closed down $5.71 ending at $102.50 a barrel.

Gold prices closed down $36.70 ending at $1,950 an ounce.

 

In the days’ stock news:

 

  • Airline stocks jumped after the Transportation Security Administration said it is no longer enforcing mask mandates on planes. The news comes after a federal judge in Florida ruled that the CDC had overstepped its authority with the mandate. Shares of Delta, United Airlines and American Airlines all closed up.
  • Johnson & Johnson closed up 3% after the company beat earnings expectations in its first-quarter report. Still, J&J lowered its full-year sales and earnings outlook and stopped providing Covid-19 vaccine revenue guidance due to a global supply surplus and demand uncertainty.

 

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