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 ended the day lower with the DOW, S&P, and...
Stocks ended the week higher, with the DOW, S&P and...
U.S. stocks closed up today as the market bounced back...
May is historically a quiet month for the market and...
April has historically been one of the better months for...
For several months we have been noting stock valuations were...
