Jan. 31, 2020

Stocks dropped 2% today as concerns about the coronavirus grow. In economic news, U.S. consumer sentiment hit its highest level in 9 months.

 

Here’s a look at how the major indices finished the day:

Dow Jones -603 at 28,256

S&P 500 -59 at 3,226

NASDAQ -148 at 9,151

 

The 10 Year Treasury closed down 4 basis points yielding 1.52%

Oil prices closed down $0.55 ending at $51.59 a barrel

Gold prices closed up $2 ending at $1,591 an ounce

 

In the days’ stock news:

  • Caterpillar shares dropped 3% after the heavy equipment maker missed revenue estimates. Caterpillar also reported a weaker-than-expected full-year outlook.
  • Amazon’s stock increased 7% after almost doubling earnings estimates and beating revenue forecasts. This was helped by a strong holiday season as well as strong results for advertising and cloud computing.
  • Visa shares declined 4% after missing revenue expectations. Visa also saw a 14% increase in operating expenses during the quarter.
  • Johnson & Johnson was ordered by a California judge to pay a $344 million fine, in a case accusing the company of deceptively marketing its surgical mesh devices.