Stocks declined today, with every major index finishing in negative territory. In economic news, U.S. manufacturing output increased unexpectedly in December.
Here’s a look at how the major indices finished the day:
Dow Jones -152 at 29,196
S&P 500 -9 at 3,321
NASDAQ -18 at 9,371
The 10 Year Treasury closed down 7 basis points yielding 1.77%
Oil prices closed down $0.32 ending at $58.26 a barrel
Gold prices closed down $2 ending at $1,559 an ounce
In the days’ stock news:
- Tesla’s stock increased over 7% after the automaker rebuffed a petition to U.S. regulators calling for a recall of 500,000 cars for an alleged unintended acceleration issue. Tesla said this petition was false.
- Boeing shares dropped over 3% after announcing it will borrow at least $10 billion to deal with costs related to the 737 MAX grounding.
- Logitech shares increased over 2% after beating earnings and revenue estimates. Results were helped by growing demand for gaming and video conferencing products.
- Costco shares moved almost 3% higher after being upgraded at Oppenheimer, which pointed to an attractive valuation, upbeat top-line trends, and prospects for a special dividend.