August 3, 2021

August 3, 2021

Stocks finished the day with every major index in positive territory. In economic news, construction spending increased 0.1% during June, less than expected.

 

Dow Jones +278 at 35,116

S&P 500 +36 at 4,423

NASDAQ +80 at 14,761

 

The 10 Year Treasury closed flat yielding 1.18%

Oil prices closed down $0.65 ending at $70.61 a barrel

Gold prices closed down $8 ending at $1,810 an ounce

 

Corporate news:

 

  • Shares of Under Armour increased 8% after the company beat estimates on both the top and bottom lines. Under Armour also raised its full-year forecast.

 

  • Take-Two Interactive shares dropped 8% after the video game maker issued a weaker-than-expected outlook and announced delays in new releases for some of its games.

 

  • Micron Technology has issued its first-ever dividend, with the chip maker planning to pay 10 cents per share payable on October 18th. Micron Technology shares finished up 4%.

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