April 20, 2021

April 20, 2021

U.S. stocks fell for a second day today as strong corporate earnings failed to boost a market already near record highs, while an alarming rise in global Covid cases raised concerns about the recovery.

 

Dow Jones finished -256 at 33,821

S&P 500 finished -28 at 4,134

NASDAQ finished -128 at 13,786

 

The 10 Year Treasury closed down 3 basis points yielding 1.56%

Oil prices closed down $0.77 ending at $62.61 a barrel.

Gold prices closed up $8.00 ending at $1,778 an ounce.

 

In the days’ stock news:

 

  • IBM closed up more than 3% after the company beat top and bottom line estimates during the first quarter. IBM earned $1.77 per share excluding items on $17.73 billion in revenue.
  • Johnson & Johnson closed up 2.3% after the company reported earnings and revenue that beat Wall Street’s expectations. The company posted an adjusted EPS of $2.59, versus $2.34 expected, according to Refinitiv. JNJ also reported $100 million in first-quarter sales of its Covid-19 vaccine that’s on hold in the U.S. while federal health regulators investigate a rare blood-clotting issue.

 

Daily Updates

October 15, 202.

U.S. stocks rose on Friday as better-than-expected third-quarter earnings reports...

October 14, 202.

Stocks closed up today after a slew of earnings results...

October 13, 202.

Stocks closed up today as investors digested new earnings data...

Monthly Updates

End of the Winn.

Over the past few months, we have been pointing out...

7 Month Winning.

The S&P 500 was on a 6-month 18% winning streak...

Six Straight Mo.

July has historically been the best month of the year...

Stay up to date with our newsletter