Stocks finished the day mixed, with the S&P and NASDAQ finishing in positive territory. In economic news, private payrolls soared in January, the best monthly gain in nearly 5 years.
Here’s a look at how the major indices finished the day:
Dow Jones flat at 29,276
S&P 500 +6 at 3,358
NASDAQ +11 at 9,639
The 10 Year Treasury closed up 4 basis points yielding 1.59%
Oil prices closed up $0.29 ending at $49.85 a barrel
Gold prices closed down $8 ending at $1,571 an ounce
In the days’ stock news:
- Callaway Golf shares dropped 9% after missing earnings estimates. The golf club maker said the coronavirus will have a negative impact of both sales in Asia and on supplies.
- Boston Beer was upgraded at Credit Suisse, which pointed to the company’s increasing involvement in the hard seltzer market. Boston Beer’s stock increased 7% today.
- T-Mobile and Sprint shares both rose significantly after a federal judge approved their $26 billion merger deal.
Hasbro beat earnings estimates by a large margin. This was helped by a bottom-line boost from toys related to Disney’s “Frozen 2” and “Star Wars” movies