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.