August 20, 2021

August 20, 2021

Stocks reversed overnight declines to close higher today as investors considered the latest batch of earnings and economic data and continued to contemplate the path forward for monetary policy.

 

Dow Jones finished +226 at 35,120

S&P 500 finished +36 at 4,441

NASDAQ finished +173 at 14,714

 

The 10 Year Treasury closed up 1 basis point yielding 1.25%

Oil prices closed down $1.44 ending at $62.25 a barrel.

Gold prices closed up $1.00 ending at $1,784 an ounce.

 

In the days’ stock news:

 

  • Spotify closed up more than 5% after Spotify’s board of directors approved a stock buyback program of up to $1 billion.
  • The Buckle dropped more than 3% despite the retailer’s better-than-expected quarterly earnings results. The company posted earnings of $1.04 per share on revenue of $295 million.

Daily Updates

January 18, 202.

The major averages fell sharply Tuesday after Goldman Sachs reported...

January 14, 202.

Stocks were mostly lower today at the end of an...

January 13, 202.

U.S. stocks closed negative today as investors considered a fresh...

Monthly Updates

Omicron Fears E.

Last month we pointed out that December is the best...

Another Covid V.

November is historically a good month for the market and...

Best Month of t.

Earnings are the fuel that drives the train and the...

Stay up to date with our newsletter