April 7, 2021

April 7, 2021

After Monday’s rally to yet another new all-time high the S&P 500 has spent the last 2 days treading water as investors try to determine the next move. The market was mixed today with little in the way of market moving news.

At the close:

  • Dow +16 to 33446
  • S&P 500 +6 to 4080
  • NASDAQ -10 to 13689
  • Oil +.40 to 59.70
  • Gold – 5 to 1738

In corporate news shares of Beyond Meat moved higher at the open after they announced the opening of a new manufacturing facility in China but ended the day down nearly 3%. Nokia edged higher on news they have settled a long-standing patent dispute with computer maker Lenovo that resulted in a new cross licensing agreement. Soar equipment maker SunRun opened higher after RBC gave the company an outperform rating but they too ended the day with a 3% loss.

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