Feb. 6, 2020

Stocks increased for a 4th straight day, with every major index finishing at record highs. In economic news, U.S. weekly jobless claims drop to a 9-month low.

 

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

Dow Jones +89 at 29,380

S&P 500 +11 3,346

NASDAQ +63 at 9,572

 

The 10 Year Treasury closed down 1 basis point yielding 1.64%

Oil prices closed up $0.29 ending at $51.03 a barrel

Gold prices closed up $7 ending at $1,570 an ounce

 

In the days’ stock news:

  • Twitter shares increased 15% after the company beat revenue estimates, and reported its daily active users increased 21% from a year ago to a record.
  • Cigna shares moved about 3% higher today after the insurance company reported better than expected earnings and revenues. This was helped by growth in its pharmacy benefits unit as well as expense control.
  • Casper Sleep had its initial public offering this morning. Shares rose over 12% from its initial price of $12, ending at $13.50
  • Peloton shares dropped over 11% after reporting a smaller-than-expected current-quarter sales outlook.