December 16, 2020

December 17, 2020

Stocks rose today with stimulus talks in Washington still at the center of investors’ attention.

 

Dow Jones finished +149 at 30,303

S&P 500 finished +21 at 3,722

NASDAQ finished +107 at 12,764

 

The 10 Year Treasury closed up 1 basis point yielding 0.93%

Oil prices closed up $0.59 ending at $48.41 a barrel

Gold prices closed up $29.70 ending at $1,888 an ounce

 

In the days’ stock news:

 

  • Chewy jumped more than 6% after being named the online pet company a top pick in 2021 and said it sees “strong” growth amid increasing net sales per customer. The stock has rallied more than 17% this week alone. Its CFO said earlier this week that the retailer plans to build out its product lineup.
  • Lennar advanced more than 7% after beating top and bottom line estimates during the fourth quarter. The company earned $2.82 per share on $6.83 billion in revenue.

 

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