August 5, 2020

August 5, 2020

Good afternoon, this market update is brought to you by the Greenberg Financial Group:

 

Stocks rose today as investors considered a wave of updates around companies’ coronavirus vaccine development and distribution plans, alongside a bunch of stronger than expected corporate earnings results.

Dow Jones +373 @27,201

S&P 500 +21 @3,327

NASDAQ +57 @10,998

 

The 10 Year Treasury closed up 3 basis points yielding 0.54%

Oil prices closed up $0.45 ending at $42.12 a barrel

Gold prices closed up $31.70 ending at $2,052 an ounce

 

The days’ stock news:

 

  • Shares of Match Group surged more than 12% after the online dating company posted quarterly results that beat expectations and issued an optimistic direction.
  • Disney closed up more than 8% after its fiscal third quarter report showed strong growth for its streaming services.

 

Reporting from the Greenberg Financial Group, where your Money matters, this is Stephanie Ford on KNST.

 

For more information on the day’s market, visit our website at greenbergfinancial.com

Listen to our Money Matters show this Sunday morning on this station as we talk about how the markets and economy impact your money!

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