January 10, 2022

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.

 

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