August 24, 2020

August 24, 2020

Stocks moved higher to begin the week, with every major index finishing up about 1%. In economic news, existing home sales was higher than expected, reporting 5.86 million in July.


Dow Jones +378 at 28,308

S&P 500 +34 at 3,431

NASDAQ +68 at 11,380


The 10 Year Treasury closed up 1 basis point yielding 0.65%

Oil prices closed up $0.10 ending at $42.44 a barrel

Gold prices closed down $12 ending at $1,923 an ounce


The days’ stock news:

  • The White House is considering fast-tracking AstraZeneca’s Covid-19 vaccine candidate. The FDA may give emergency use authorization for the vaccine. AstraZeneca shares increased 2% today.
  • American Airlines shares surged after announcing the EPA will approve the use of a new surface coating that kills the coronavirus. The EPA said the coating inactivates viruses and bacteria within 2 hours and is effective for up to 7 days.
  • Blackstone struck a deal to buy the consumer health-care business of Japan’s Takeda Pharmaceutical for about $2.3 billion.

Daily Updates

October 22, 202.

Stocks closed higher today after traders continued to fixate on...

October 21, 202.

Stocks opened mixed this morning and spent the day going...

October 20, 202.

Stocks closed higher today as traders hope a deal can...

Monthly Updates

Overdue Correct.

Technology stocks helped push the S&P 500 nearly 60% above...

5 Month Winning.

Coming into the month the S&P 500 had moved higher...

Technology Keep.

Coming into the month the S&P 500 was 40% above...

Stay up to date with our newsletter