February 23, 20201

February 23, 2021

The Dow reverses a 360-point loss and ends the day higher after Federal Reserve Chair Powell eases inflation and rising interest rate fears.

 

Dow Jones finished +16 at 31,537

S&P 500 finished +5 at 3,881

NASDAQ finished -68 at 13,465

 

The 10 Year Treasury closed down 1 basis point yielding 1.36%

Oil prices closed up $0.27 ending at $61.97 a barrel.

Gold prices closed down $4.00 ending at $1,804 an ounce.

 

In the days’ stock news:

 

  • AMC Entertainment jumped more than 17% today after New York Gov. Andrew Cuomo announced that movie theaters in New York City could open with limited capacity next month.
  • Carnival closed up 2% after the company announced a new stock offering. The company is selling roughly 40.5 million shares at $25.10 per share. Carnival said it would use the proceeds for general corporate purposes.

 

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