April 23, 2021

April 23, 2021

Stocks rebounded today as Wall Street reassessed concerns arising from news that the White House could seek a hike to the capital gains tax.

 

Dow Jones finished +228 at 34,043

S&P 500 finished +45 at 4,180

NASDAQ finished +198 at 14,016

 

The 10 Year Treasury closed up 1 basis point yielding 1.56%

Oil prices closed up $0.73 ending at $62.16 a barrel.

Gold prices closed down $5.80 ending at $1,776 an ounce.

 

In the days’ stock news:

 

  • Mattel closed up .81% after it reported record 47% sales growth for its latest quarter compared to a year ago. Mattel reported a much smaller-than-expected loss, but revenue beat forecasts on strong sales of toys like Barbie dolls and Hot Wheels cars.
  • Boston Beer closed up almost 3% after beating top and bottom line estimates by a wide margin for its latest quarter. Boston Beer’s results were helped by a jump in sales for its Truly hard seltzer brand.

 

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