Stocks were mixed today, with the S&P and NASDAQ finishing in positive territory. In economic news, U.S. industrial output suffered its fourth decline in five months.
Here’s a look at how the major indices finished the day:
Dow Jones -25 at 29,398
S&P 500 +6 at 3,380
NASDAQ +19 at 9,731
The 10 Year Treasury closed down 3 basis points yielding 1.59%
Oil prices closed up $0.69 ending at $52.35 a barrel
Gold prices closed up $7 ending at $1,586 an ounce
In the days’ stock news:
- Canopy Growth shares moved 15% higher after beating earnings and revenue expectations by a large margin. Canopy said it saw a strong demand in the recreational market as well as increasing market share in the medical market.
- Nvidia shares increased 7% after beating estimates and reporting a continuation for strong demand from cloud computing companies.
- Pinterest shares dropped after Facebook announced its launch of their competing app “Hobbi.”
- Roku said it is benefiting greatly from the introduction of new streaming services.