February 10, 2022

February 10, 2022

Stocks dropped today, with the DOW, S&P and NASDAQ all finishing down over 1%. In economic news, there were 223,000 jobless claims last week, 7,000 less than expected.

 

Dow Jones -527 at 35,242

S&P 500 -83 at 4,504

NASDAQ -305 at 14,186

 

The 10 Year Treasury closed up 10 basis points yielding 2.03%

Oil prices closed up $0.18 ending at $89.84 a barrel

Gold prices closed down $3 ending at $1,853 an ounce

 

Corporate news:

  • Shares of Disney increased 3% after the company beat estimates for both bottom and top lines for its latest quarter. This was helped by growth in its Disney+ subscriber base and record profit from its theme parks.

 

  • Coca-Cola shares moved 1% higher after the company beat earnings and revenue estimates. Coca-Cola also projects commodity price inflation will be in the mid-single-digit percentage range for 2022.

 

  • Uber reported better-than-expected quarterly results as its business rebounded. The company continued to see strong demand for its Uber Eats food delivery business.

Daily Updates

July 22, 2022.

Stocks ended the day lower with the DOW, S&P, and...

July 15, 2022.

Stocks ended the week higher, with the DOW, S&P and...

May 17, 2022.

U.S. stocks closed up today as the market bounced back...

Monthly Updates

Selling to a 21.

September has a well-deserved reputation as the worst month for...

Selling Resumes.

The worst first 6 months for the market in 52...

Best Month Sinc.

Rising interest rates, rising oil prices and rising inflation sent...

Stay up to date with our newsletter