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.

 

Daily Updates

January 18, 202.

The major averages fell sharply Tuesday after Goldman Sachs reported...

January 14, 202.

Stocks were mostly lower today at the end of an...

January 13, 202.

U.S. stocks closed negative today as investors considered a fresh...

Monthly Updates

Omicron Fears E.

Last month we pointed out that December is the best...

Another Covid V.

November is historically a good month for the market and...

Best Month of t.

Earnings are the fuel that drives the train and the...

Stay up to date with our newsletter