Feb. 7, 2020

June 7, 2020

Stocks dropped today, breaking a four-day winning streak. In economic news, U.S. added 225,000 jobs in January vs. 158,000 expected.

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

Dow Jones -277 at 29,103

S&P 500 -18 at 3,328

NASDAQ -52 at 9,521

The 10 Year Treasury closed down 7 basis points yielding 1.58%

Oil prices closed down $0.53 ending at $50.42 a barrel

Gold prices closed up $4 ending at $1,574 an ounce

In the days’ stock news:

• Uber shares moved 10% higher after reporting a smaller than expected earnings loss and better than expected revenues for its latest quarter. The ride-hailing service also said it expects to turn a profit earlier than expected.
• Pinterest shares also increased 10% after beating earnings and revenue estimates. the image and interest sharing platform also beat average revenue per user forecasts and gave a positive 2020 outlook.
• Aurora Cannabis announced the retirement of CEO Terry Booth. The Canada-based cannabis producer also said it would cut about 500 jobs. Aurora shares dropped 15% today.
• Johnson & Johnson was ordered to pay $750 million in punitive damages to four people in a New Jersey case. The plaintiffs claimed J&J’s talcum powders caused a rare form of cancer.