February 1, 2021

February 1, 2021

Stocks began the week with every major index moving at least 1% higher. In economic news, the consumer confidence index increased 2 points in January, coming in at 89.3.

 

Dow Jones +229 at 30,212

S&P 500 +60 at 3,774

NASDAQ +333 at 13,403

 

The 10 Year Treasury closed down 2 basis points yielding 1.08%

Oil prices closed up $1.44 ending at $53.64 a barrel

Gold prices closed up $13 ending at $1,861 an ounce

 

Corporate news:

  • Shares of Tesla increased 6% after Piper Sandler raised its price target to $1,200 per share from $515, saying Tesla could have new opportunities to pursue for decades due to its target industries currently embracing outdated models.
  • Moderna is seeking FDA permission to increase the number of COVID-19 vaccine doses in a vial to 15 from 10. This move would help ease a manufacturing crunch for the drug maker.
  • Nio reported 7,225 vehicle deliveries in January, an increase of 352% from this time last year. Shares of Nio finished the day flat.

Daily Updates

March 5, 2021.

U.S. stocks reversed from a sharp sell-off and closed higher...

March 4, 2021.

Stocks fell sharply today after Federal Reserve Chair Powell failed...

March 3, 2021.

Tech stocks dragged down the S&P 500 today along with...

Monthly Updates

Vaccines and St.

February is historically the only month of the year with...

Profit Taking.

January is traditionally one of the best months of the...

Dow 30,000.

November through January is traditionally the best time of the...

Stay up to date with our newsletter