August 23, 2021

August 23, 2021

Stocks closed higher today following a choppy week on Wall Street, led by reopening stocks as the Food and Drug Administration approved its first Covid-19 vaccine.


Dow Jones finished +216 at 35,335

S&P 500 finished +38 at 4,479

NASDAQ finished +228 at 14,942


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

Oil prices closed up $3.32 ending at $65.47 a barrel.

Gold prices closed up $22.00 ending at $1,806 an ounce.


In the days’ stock news:


  • General Motors closed down 1.3% after they expanded the recall of its Chevy Bolt electric car on Friday. It will include newer models, a move which will cost the automaker an additional $1 billion. The recall will address an issue that can increase the risk of battery fires.
  • Abercrombie & Fitch closed up 2% after Tesley reiterated its outperform rating on Abercrombie & Fitch, seeing “margin expansion” ahead. The company is set to report earnings later this week.


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