February 17, 2022

February 17, 2022

Stocks finished the day lower, with the DOW, S&P, and NASDAQ all in negative territory. In economic news, there were 248,000 jobless claims last week, 14% higher than expected.

 

Dow Jones -622 at 34,312

S&P 500 -95 at 4,380

NASDAQ -407 at 13,177

 

The 10 Year Treasury closed down 8 basis points yielding 1.97%

Oil prices closed down $2.08 ending at $91.62 a barrel

Gold prices closed up $28 ending at $1,923 an ounce

 

Corporate news:

  • Shares of Walmart finished the day 4% higher, after reporting better-than-expected quarterly results. Walmart also issued an upbeat forecast and announced a dividend hike.

 

  • DoorDash shares ended 11% higher after the food delivery service issued an upbeat outlook for the current quarter.

 

  • Cheesecake factory shares increased after beating revenue estimates. The company did announce it is planning a price hike in the new menus currently being printed and said it may lift prices further later this year.

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