December 15, 2020

December 15, 2020

Stocks rose Tuesday as more updates on the stimulus front out of Washington helped at least temporarily offset concerns over the potential for more virus-related restrictions.

 

Dow Jones finished +338 at 30,199

S&P 500 finished +47 at 3,694

NASDAQ finished +155 at 12,595

 

The 10 Year Treasury closed up 2 basis points yielding 0.91%

Oil prices closed up $0.58 ending at $47.57 a barrel

Gold prices closed up $26.00 ending at $1,858 an ounce

 

In the days’ stock news:

 

  • Apple shares rose more than 5% after it was reported they will ramp up its iPhone production by about 30% in the first half of 2021. The report also said that the tech giant has shared a preliminary plan with suppliers that calls for 20% more iPhones for the full year than in 2019, before the pandemic.
  • Shares of Chewy jumped more than 10% after their CFO told the Wall Street Journal that the pet retailer plans to build out its online catalog to boost orders. Marte also said the company is working to expand its telehealth service and begin monetize it soon. Shares of Chewy have soared more than 200% in 2020.

 

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