August 13, 2021

August 13, 2021

Stocks were little changed to slightly higher today reaching record highs as investors digested a largely solid set of recent economic data and earnings results.

 

Dow Jones finished +16 at 35,515

S&P 500 finished +7 at 4,468

NASDAQ finished +7 at 14,822

 

The 10 Year Treasury closed down 7 basis points yielding 1.29%

Oil prices closed down $1.12 ending at $67.98 a barrel.

Gold prices closed up $28.00 ending at $1,780 an ounce.

 

In the days’ stock news:

 

  • Disney closed up 1%, becoming the biggest gainer in the 30-stock Dow Jones Industrial Average following a blowout earnings report. Disney crushed Wall Street expectations on Disney+ subscriber growth and overall revenue and earnings for the fiscal third quarter.
  • 23andMe closed down 4% after the genetic research company reported revenue of $59 million in its first quarter as a public company. The quarterly revenue is 23% higher than a year prior.

 

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