Stocks increased to begin the week, with very major index finishing in positive territory. In economic news, the fourth quarter GDP rose 2.1%.
Here’s a look at how the major indices finished the day:
Dow Jones +144 at 28,400
S&P 500 +23 at 3,249
NASDAQ +122 at 9,273
The 10 Year Treasury closed flat yielding 1.52%
Oil prices closed down $1.62 ending at $49.94 a barrel
Gold prices closed down $7 ending at $1,581 an ounce
In the days’ stock news:
- Verizon shares dropped over 2% after being downgraded at credit Suisse, which said the stock lacks positive near-term catalysts. Credit Suisse said it feels positive influences for the stock will come with the launch of 5G later this year.
- Nike was added to J.P Morgan Chase’s focus list, which sees the recent pullback as a buying opportunity.
- Aimmune Therapeutics shares are up over 4% after receiving FDA approval for the first-ever treatment for peanut allergies.
- Uber was added to the “Best Ideas” list at Wedbush, which cited the ride-hailing service has laid the groundwork for growth, especially amid the streamlining of Uber Eats operation.