Stocks finished the day mixed, with the DOW being the only major index to end in positive territory. In economic news, U.S. consumer prices increased less than expected in December.
Here’s a look at how the major indices finished the day:
Dow Jones +31 at 28,940
S&P 500 -5 at 3,283
NASDAQ -23 at 9,251
The 10 Year Treasury closed down 3 basis points yielding 1.82%
Oil prices closed up $0.36 ending at $58.44 a barrel
Gold prices closed down $3 ending at $1,548 an ounce
In the days’ stock news:
- JP Morgan shares moved over 1% higher after reporting better than expected earnings and revenues, which were helped by strong results for fixed income.
- Delta Air Lines increased over 3% after beating earnings and revenue estimates. This was the result of a very strong holiday season and having success in de-commoditizing its business.
- Visa announced it will buy Plaid, a private financial technology firm, for $5.3 billion. Plaid’s technology helps link bank accounts to mobile apps and is behind services such as Venmo.
- Apple was downgraded at Atlantic Equities, which said Apple’s services and wearables businesses aren’t likely to provide material upside.