April 28, 2022

April 28, 2022

Stocks rallied today with tech leading the way, as the market sought to recover from this month’s sell-off.

 

Dow Jones finished +614 at 33,916

S&P 500 finished +104 at 4,287

NASDAQ finished +382 at 12,871

 

The 10 Year Treasury closed up 1 basis point yielding 2.83%

Oil prices closed up $3.30 ending at $105.32 a barrel.

Gold prices closed up $8.00 ending at $1,896 an ounce.

 

In the days’ stock news:

 

  • Ford closed down 1.6% after the company said its stake in Rivian dragged profits lower in the recent quarter. Ford reported adjusted earnings per share of 38 cents on $32.1 billion in revenue. Analysts surveyed by Refinitiv anticipated earnings of 37 cents per share on $31.13 billion in revenue.
  • Pinterest closed up 13.6% following an earnings beat. On Wednesday, the image-sharing company reported adjusted earnings of 10 cents per share and revenues of $575 million. In comparison, analysts polled by Refinitiv expected earnings of 4 cents per share on revenues of $573 million.

 

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