December 2, 2021

December 2, 2021

Stocks closed up today to reverse course after dropping a day earlier, with investors weighing the latest headlines on the Omicron variant and considering concerns around inflation.

 

Dow Jones finished +618 at 34.639

S&P 500 finished +64 at 4.577

NASDAQ finished +127 at 15,381

 

The 10 Year Treasury closed up 2 basis points yielding 1.43%

Oil prices closed up $1.27 ending at $66.84 a barrel.

Gold prices closed down $14.50 ending at $1,769 an ounce.

 

In the days’ stock news:

 

  • Kroger closed up 11% after the grocery chain posted a better-than-expected quarterly report. The company reported earnings of 78 cents per share on revenue of $31.86 billion.
  • Boeing closed up more than 7% after China’s aviation regulator cleared the Boeing 737 Max to return to flying Thursday. That model had been grounded worldwide for more than two years following two fatal crashes.

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