Stocks dropped today, with every major index finishing in negative territory. In economic news, mortgage rates increased slightly, from 3-year lows.
Here’s a look at how the major indices finished the day:
Dow Jones -128 at 29,423
S&P 500 -6 at 3,374
NASDAQ -14 at 9,712
The 10 Year Treasury closed down 1 basis point yielding 1.62%
Oil prices closed up $0.40 ending at $51.81 a barrel
Gold prices closed up $7 ending at $1,579 an ounce
In the days’ stock news:
- Pepsi, whose shares are up about 7% for the year, beat earnings and revenue estimates for its latest quarter. The beverage and snack giant also said it is projecting a 4% growth rate for organic revenue in 2020.
- Aurora Cannabis had lower-than-expected revenue for its latest quarter and warned that industry headwinds will continue to impact revenue.
- Cisco shares declined 5% today, after the company warned of a revenue drop that could be as high as 3.5% for the current quarter.
- TripAdvisor beat earnings and revenue estimates for its latest quarter.