April 20, 2022

April 20, 2022

Stocks closed mixed as traders evaluated a rush of first-quarter results. The Dow Jones rose on the back of strong earnings from Procter & Gamble, while the Nasdaq was dragged down by an epic plunge in shares of Netflix.

 

Dow Jones finished +250 at 35,160

S&P 500 finished -3 at 4,459

NASDAQ finished -167 at 13,453

 

The 10 Year Treasury closed down 7 basis points yielding 2.84%

Oil prices closed down $0.06 ending at $102.56 a barrel.

Gold prices closed up $1.00 ending at $1,959 an ounce.

 

In the days’ stock news:

 

  • Netflix closed down 35% after Netflix reported a loss of 200,000 subscribers in the most recent quarter. Netflix cited increasing competition, password sharing and the situation in Ukraine among the reasons for the dip. The news led to a wave of downgrades from major Wall Street firms.
  • Procter & Gamble closed up more than 2% after the consumer packaged goods company reported better-than-expected results for its fiscal third-quarter and hiked its full-year revenue guidance.

 

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