February 5, 2021

February 5, 2021

Stocks rose, adding to Thursday’s record levels after a closely watched report on the labor market missed expectations, possibly making a case for additional fiscal stimulus.

 

Dow Jones finished +92 at 31,148

S&P 500 finished +15 at 3,886

NASDAQ finished +79 at 13,856

 

The 10 Year Treasury closed up 3 basis points yielding 1.17%

Oil prices closed up $0.74 ending at $56.97 a barrel.

Gold prices closed up $20.50 ending at $1,811 an ounce.

 

In the days’ stock news:

 

  • Ford’s stock rose more than 1% after the company said it will spend $29 billion on the new technology through 2025.
  • Peloton fell more than 5% after the company outlined ongoing supply chain issues amid a surge in demand for its products. Peloton, however, reported sales growth of 128% during the fiscal second quarter, bringing in more than $1 billion in a single quarter for the first time in the company’s history.
  • Activision Blizzard led the S&P 500 today with a nearly 10% gain after it reported fourth-quarter profit and revenues ahead of Wall Street’s expectations.

 

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