January 10, 2022

U.S. stocks fell again today but trimmed their losses in afternoon trading as big moves in tech stocks and interest rates slowed.

Dow Jones finished -163 at 36,068

S&P 500 finished -7 at 4,670

NASDAQ finished +7 at 14,942

The 10 Year Treasury closed even yielding 1.77%

Oil prices closed down $0.49 ending at $78.41 a barrel.

Gold prices closed up $3.30 ending at $1,800 an ounce.

In the days’ stock news:

Crypto-related stocks fell sharply today as the price of bitcoin briefly tumbled to its lowest point since September. Coinbase declined 3% while Silvergate Capital lost 4%
Lululemon closed down 2% after the company said it now expects weaker results for the fourth quarter due to the omicron Covid-19 variant. Lululemon said Monday that its fourth-quarter earnings and revenue to come in at the low end of its projected ranges as staffing shortages and reduced store hours are weighing on results.