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.