August 31, 2020

August 31, 2020

Stocks finished the day mixed, with the NASDAQ being the only major index to finish in positive territory. In economic news, core inflation rose 0.3% in July, less than expected.

 

Dow Jones -224 at 28,430

S&P 500 -8 at 3,500

NASDAQ +70 at 11,775

 

The 10 Year Treasury closed down 4 basis points yielding 0.69%

Oil prices closed down $0.13 ending at $42.83 a barrel

Gold prices closed up $1 ending at $1,968 an ounce

 

The days’ stock news:

  • Shares of Honeywell struggled on its first day in the DOW, finishing down about 2%.
  • Shares of Apple and Tesla both surged higher after their stock splits went into effect this morning.
  • Gilead Sciences shares increased over 2% after the FDA expended emergency use authorization for Gilead’s antiviral drug, allowing use in all hospitalized patients with Covid-19.

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