February 9, 2022

February 9, 2022

Stocks closed up today as investors considered another batch of solid quarterly corporate earnings results and looked ahead to more reports.

 

Dow Jones finished +305 at 35,768

S&P 500 finished +66 at 4,587

NASDAQ finished +296 at 14,490

 

The 10 Year Treasury closed down 1 basis point yielding 1.95%

Oil prices closed up $0.72 ending at $90.08 a barrel.

Gold prices closed up $5.50 ending at $1,833 an ounce.

 

In the days’ stock news:

 

  • Lyft closed up more than 6% after beating on the top and bottom lines of its quarterly results. Gains were capped by the fact that Lyft reported fewer active riders than in the prior quarter.
  • CVS Health closed down 5.5% even after the company topped expectations in its fourth-quarter earnings report, as demand for at-home Covid tests and vaccines lifted overall store sales. The drugstore chain administered more than 20 million Covid vaccines in the three-month period, a significant jump from the number it gave in each of the prior two quarters.

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