Feb. 21, 2020

Stocks declined today, with every major index finishing in negative territory. In economic news, the 30-year treasury yield dropped to an all-time low of 1.89% due to the Coronavirus outbreak.

 

Here’s a look at how the major indices finished the day:

Dow Jones -228 at 28,992

S&P 500 -36 at 3,338

NASDAQ -174 at 9,577

 

The 10 Year Treasury closed down 5 basis point yielding 1.47%

Oil prices closed down $0.53 ending at $53.35 a barrel

Gold prices closed up $26 ending at $1,646 an ounce

 

In the days’ stock news:

  • Coca-Cola shares increased about 1% after the beverage maker said it still expects to achieve its prior full-year earnings targets, despite the coronavirus outbreak.
  • Dropbox moved 20% higher after beating earnings and revenue estimates. Dropbox also raised its profit margin outlook.
  • Fitbit posted an unexpected earnings loss and lower-than-expected revenue. The company said it sold more devices but at lower prices.
  • Texas Roadhouse beat earnings and revenue estimates. The restaurant chain also saw same-restaurant sales rise by 4.4%.

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