August 25, 2021

August 25, 2021

U.S. stocks closed higher today with help by banks and reopening stocks as the 10-year Treasury yield climbed higher.

 

Dow Jones finished +39 at 35,405

S&P 500 finished +10 at 4,496

NASDAQ finished +22 at 15,041

 

The 10 Year Treasury closed up 5 basis points yielding 1.34%

Oil prices closed up $0.78 ending at $68.32 a barrel.

Gold prices closed down $15.70 ending at $1,792 an ounce.

 

In the days’ stock news:

 

  • Nordstrom shares dropped more than 17% despite Nordstrom beating expectations on the top and bottom lines for the second quarter. The company issued its quarterly results late Tuesday.
  • Urban Outfitters closed down more than 9% despite a better-than-expected quarterly earnings report. The apparel retailer posted earnings of $1.28 per share for its latest quarter, beating the 77 cents per share Refinitiv consensus estimate.

 

 

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