August 31, 2021

August 31, 2021

Stocks closed negative today, but the major indexes still closed out August trading with another monthly gain.

 

Dow Jones finished -39 at 35,360

S&P 500 finished -6 at 4,522

NASDAQ finished -7 at 15,259

 

The 10 Year Treasury closed up 3 basis points yielding 1.31%

Oil prices closed down $0.70 ending at $68.51 a barrel.

Gold prices closed up $5.00 ending at $1,817 an ounce.

 

In the days’ stock news:

 

  • Zoom closed down more than 16% after its quarterly report showed slowing revenue growth among tough year-over-year comparisons as offices reopen and live events return.
  • NetEase the Chinese gaming giant closed up 8.8% after reporting better-than-expected second-quarter earnings, with revenue in line with forecasts. The stock fell Monday, when China’s National Press and Publication Administration published a new rule limiting kids’ online video game time to just three hours per week to safeguard their physical and mental health.

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