August 19, 2021

August 19, 2021

Stocks closed mixed today driven by jitters over a potential shift in monetary policy that might remove some of the stimulus supporting equity markets.

 

Dow Jones finished -67 at 34,894

S&P 500 finished +6 at 4,405

NASDAQ finished +16 at 14,541

 

The 10 Year Treasury closed down 3 basis points yielding 1.24%

Oil prices closed down $1.42 ending at $64.04     a barrel.

Gold prices closed down $1.80 ending at $1,782 an ounce.

 

In the days’ stock news:

 

  • Kohl’s closed up more than 7% after the retailer posted quarterly results topping analysts’ forecasts. Kohl’s reported adjusted quarterly earnings of $2.48 per share
  • Victoria’s Secret stock fell 3.6% after reporting quarterly sales that fell short of analysts’ expectations. However, the company recorded improved profit margins from tighter inventories and running fewer promotions.

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