February 8, 2022

February 8, 2022

U.S. stocks closed up today as investors digested another batch of corporate earnings and awaited key inflation data later this week.

 

Dow Jones finished +372 at 35,462

S&P 500 finished +38 at 4,521

NASDAQ finished +179 at 14,194

 

The 10 Year Treasury closed up 4 basis point yielding 1.96%

Oil prices closed down $1.64 ending at $89.68 a barrel.

Gold prices closed up $6.40 ending at $1,828 an ounce.

 

In the days’ stock news:

 

  • Peloton closed up more than 25% after the firm announced it’s replacing its founder and CEO John Foley and cutting 2,800 jobs, or about 20% of corporate positions.
  • Pfizer closed down 3% despite the company reporting better-than-expected earnings for the fourth quarter and raising its full-year sales forecast for its Covid-19 vaccine.

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