August 20, 2020

August 20, 2020

Stocks turned slightly higher today as investors absorbed a rise in the Labor Department’s weekly jobless claims report at 1.106 million  and digested more earnings from Corporate America.

 

Dow Jones finished +47 at 27,739

S&P 500 finished +11 at 3,385

NASDAQ finished +118 at 11,264

 

The 10 Year Treasury closed down 2 basis points yielding 0.65%

Oil prices closed down $0.31 ending at $42.62 a barrel

Gold prices closed down $10.00 ending at $1,960 an ounce

 

In the days’ stock news:

 

  • Shares of Tesla jumped more than 6% to hit an all-time high. The electric car maker’s stock has soared more than 20% this week alone, pushing its massive 2020 gains to over 370%.
  • Intel, the tech stock rose almost 2% after the company announced an accelerated $10 billion stock buyback program.

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