February 2, 2021

February 2, 2021

U.S. stocks jumped today, building on a strong rally from yesterday as concerns about a speculative retail trading frenzy continued to ease with Gamestop closing down about 60%.

 

Dow Jones finished +476 at 30,687

S&P 500 finished +52 at 3,826

NASDAQ finished +209 at 13,612

 

The 10 Year Treasury closed up 2 basis points yielding 1.10%

Oil prices closed up $1.25 ending at $54.80 a barrel.

Gold prices closed down $27.30 ending at $1,836 an ounce.

 

In the days’ stock news:

 

  • Harley-Davidson — The motorcycle stock closed down more than 17% after the company missed on the top and bottom lines for its fourth quarter.
  • Pfizer shares fell more than 2% despite projecting that it will make around $15 billion in Covid-19 vaccines sales this year. The pressure on the stock also came with an accelerated timeline for U.S. vaccine deliveries.

 

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