August 12, 2021

August 12, 2021

Stocks moved higher today, with the DOW, S&P, and NASDAQ all finishing in positive territory. In economic news, there were 375,000 jobless claims last week, as expected.

 

Dow Jones +15 at 35,500

S&P 500 +13 at 4,461

NASDAQ +51 at 14,816

 

The 10 Year Treasury closed up 3 basis points yielding 1.37%

Oil prices closed down $0.29 ending at $68.96 a barrel

Gold prices closed down $1 ending at $1,749 an ounce

 

Corporate news:

 

  • Shares of Sonos moved 7% higher after the company reported a surprise profit of 12 cents per share, while analysts expected a loss of 17 cents per share. Sonos also issued strong current-quarter and full-year guidance.

 

  • DoorDash shares dropped 1% after it was announced that its ambition to buy the grocery delivery service company, Instacart, had recently fallen apart due to concerns the deal would have trouble winning regulatory approval.

 

  • Palantir Technologies matched Wall Street earnings forecasts and beat revenue forecasts, with sales rising 49% from a year ago. Palantir shares increased 11% today.

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