April 8, 2022

April 8, 2022

U.S. stocks closed mixed today as the market headed for a losing week and investors braced for tighter monetary policy from the Federal Reserve.

 

Dow Jones finished +138 at 34,721

S&P 500 finished -12 at 4,488

NASDAQ finished -186 at 13,711

 

The 10 Year Treasury closed up 5 basis points yielding 2.70%

Oil prices closed up $1.92 ending at $97.95 a barrel.

Gold prices closed up $9.60 ending at $1,947 an ounce.

 

In the days’ stock news:

 

  • Kroger closed up 3% after Bank of America upgraded Kroger’s stock to buy from neutral. The firm believes Kroger can pass on the cost of rising food prices to customers.
  • Target closed up 2.3%. Target on Thursday was named a top pick in retail by Barclays, which said the stock is undervalued given its fundamental strength.

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