Both the S&P 500 and Dow traded higher earlier in the day after local news agencies reported that Russia had given regulatory approval for the world’s first Covid-19 vaccine. But stocks gave up the gains within the last hour in the session with Apple and tech stocks falling.
Dow Jones finished -104 at 27,686
S&P 500 finished -27 at 3,333
NASDAQ finished -186 at 10,782
The 10 Year Treasury closed up 5 basis points yielding 0.63%
Oil prices closed down $0.42 ending at $41.52 a barrel
Gold prices closed down $109.90 ending at $1,929 an ounce
In the days’ stock news:
Shares of Novavax plunged more than 16% despite its better-than-expected quarterly results. The biotech firm posted a quarterly loss of 30 cents per share, smaller than the 52 cents loss analysts were expected.
Royal Caribbean and other cruise stocks rose today as investors shifted toward reopening plays.
Stocks opened lower this morning, but managed to turn positive,...
Stocks traded choppy today but ended with the major indices...
Stocks opened higher but turned negative early on, with every...
Coming into the month the S&P 500 had moved higher...
Coming into the month the S&P 500 was 40% above...
Coming off back to back gains in April and May...
